Analysis

How UK brokers are adapting to a tougher compliance landscape

By 2025-03-19T07:00:00

navigating a maze

The cost of regulation in the UK has never been higher, so how are brokers navigating a more arduous landscape?

The UK broking sector is facing unprecedented regulatory pressures, particularly with the introduction of Consumer Duty and fair value assessments significantly increasing compliance obligations.

The purpose behind these regulations is to improve customer outcomes and deliver greater value for policyholders. The issue for many in the broking sector, however, is that this has led to a dramatic increase in administrative work – something that Biba regulation director David Sparkes questions the value of.

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