Experts warn of potential broker insolvencies due to premium finance proposals
The British Insurance Brokers’ Association and premium finance providers have warned of a possible hit to broker solvency in the event of bad debts under the proposed guidance issued by the Financial Conduct Authority last week.
The FCA issued its proposals on Friday including payment deferrals, waiving fees and lowering interest rates. It is running a consultation that lasts until today ahead of potentially implementing the
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