Brokers could have to choose between two regulatory bodies.

Brokers are facing the unwelcome prospect of two separate regulatory bodies taking the place of the ...

Brokers are facing the unwelcome prospect of two separate regulatory
bodies taking the place of the Insurance Brokers Registration Council
(IBRC), as the market moves from statutory to self-regulation.


Last month, members of the Institute of Insurance Brokers (IIB) were
called to an extraordinary general meeting in Birmingham to vote on
proposals to transform the trade body into a "fully integrated
professional body" responsible for both representation and regulation of
its members.


Approximately

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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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