The Broker

Brokers prepare for commission rules

28 March 2024

Brokers have at least a year to prepare for new commission rules requiring them to obtain permission from retail clients for their remuneration arrangements, after the Federal Government introduced legislation yesterday...

Berkley rebrands Facilities as Partner Solutions

28 March 2024

Berkley Insurance Australia says it’s rebranded its Facilities department to become Partner Solutions, in a clearer reflection of its role in working with underwriting agencies and brokers...

PSC sale speculation continues

21 March 2024

The possible sale of listed Australian broking group PSC continues to attract media attention, with three “bidders” named by sources...

Brokers battling high admin, compliance burden: survey 

21 March 2024

Some 70% of brokers say they are spending more than three hours each day on administration tasks such as processing data and about 20% say that adhering to compliance is becoming harder and more time consuming, a report by an insurance software company says...