FSA regulation heads the list of broker concerns, according to a Norwich Union (NU) broker survey.
NU's bi-annual barometer of the broker market revealed that 17% of brokers saw FSA regulation as their biggest challenge, a 7% increase since the end of last year.
It found that family-run brokers, referred to by NU as 'fading families', and small independent brokers, referred to by the insurer as 'corner shops' were the least prepared for regulation, with almost 30% of each group feeling threatened by the new regulation.
NU said that only 56% of fading families had prepared for FSA regulation, compared to 70% of its pro-technology 'techno savvy' brokers.
But the survey also found that almost two thirds of brokers were planning to expand in the next year.
At the same time a large number of brokers indicated that they would retire as soon as they were financially able to.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
