News analysis: Is it time for a regulatory rethink?

Regulation

Regulation is stifling broker competition and innovation according to Biba, as regulators now face a House of Lords inquiry.

The British Insurance Brokers’ Association has picked the theme ‘managing risk’ for its 2022 document, which takes in a number of key issues including the hard market, IPT and regulation.

In this year’s edition, the body has broken with tradition and not included a section on regulation. However, this does not mean it is ignoring the issue. Regulation is a topic that is woven through the entire document to highlight the impact of regulation on regional brokers and warn how far-reaching the

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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