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Recruitment challenges leaves a ‘ticking time bomb’ for the industry

young employees

Davies has shared concerns that the apprenticeship levy is not being fully used, which is leaving the industry short of fresh talent.

Data from the Office of National Statistics has revealed that 30% of the workforce in insurance will be exiting the market in the next 10 years, which could leave a huge void in the workforce.  

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

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