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Survival rates.

If the Financial Services Authority was to impose a fixed-fee system in general insurance, this could cause problems for brokers. A shift in culture, greater efficiency and diversity are perhaps the best ways to capitalise on their existing assets and survive, says Richard Adams.

Brokers - particularly the embattled personal lines intermediaries -
are facing further challenges and some concern about the future regulatory
environment. For example, in the eventuality that the

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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.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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