Momentum gathers for change in broker rules

The UK government knowingly gold-plated the EU Insurance Mediation Directive to create a level playing field but how will this decision stand up in a government review? IR&Alooks at developments that could lead to a dramatic change in policy.

The UK’s implementation of the EU Insurance Mediation Directive is kicking up further controversy. Many member states famously failed to implement the directive on time, but where they have the regimes are considered to be less of a drain on the industry than in the UK. The UK’s over-implementation of the Insurance Mediation Directive is no secret but in the new age of better regulation and cutting red tape the decision is under scrutiny.