Job cuts, senior exits and the latest on referral fees - it's been another eventful week
The spotlight today is firmly on Zurich’s surprise return to the UK aggregator market. The move comes at a cost, though, as 243 roles will be lost, including 149 confirmed redundancies.
Two shock exits dominate talk in the broker market today, as speculation surrounds the decisions of Graham Coates and Peter Staddon to leave Bluefin and Biba, respectively. I head off to the PricewaterhouseCoopers summer party and have a very interesting conversation with Dan Schwarzmann …
In the latest update on the referral fees saga, the government says it is “sympathetic” to the idea of a ban.
Motor insurance rate increases are slowing, according to the latest price index. The BBC’s Panorama later exposes the reasons behind rising motor insurance costs.
My interview with broker boss Joe Henderson is published online first before this week’s magazine goes to press.