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.