Brokers agree that regulation is the biggest challenge they now face, research suggests.
Software specialists Misys said 72% of respondents surveyed saw the task of adapting to statutory rules as their major short-term hurdle.
But less than a third - just 31% - have a written business plan in place to cope with the changes they expect and 60% freely admit they need more help.
This is despite 71% having appointed an in-house compliance officer and about half of brokers asked saying they have documented their working procedures and introduced a formal staff recruitment process.
Misys produces a regulatory support package, Equip. It produces business templates and a guide to implementing likely regulatory requirements.
