UK brokers slam regulatory burden
The regulatory cost for brokers in the UK is three times higher than for rivals in the second most expensive European state, new research by the British Insurance Brokers Association (Biba) has revealed.
The UK regional broker trade body outlined the findings at an event at the UK House of Commons on 21 March, and urged MPs, peers and civil servants to consider a fresh approach to regulating brokers.
Biba revealed that regulation cost UK-based brokers 3 percent of their...
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