Recruitment challenges leaves a ‘ticking time bomb’ for the industry

young employees

Davies has shared concerns that the apprenticeship levy is not being fully used, which is leaving the industry short of fresh talent.

Data from the Office of National Statistics has revealed that 30% of the workforce in insurance will be exiting the market in the next 10 years, which could leave a huge void in the workforce.  

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FCA overwhelmed by feedback on naming and shaming

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator will “really take our time” when considering its proposed plans to name firms it is investigating before any decision has been made.