Brightside's Mark Cliff on the impact of the discount rate for brokers
Following the shock change to the discount rate, and subsequent backtracking from the government, insurers have been vocal about their feelings but Mark Cliff, executive chairman at Brightside Group, asks how this has affected brokers, who have been at the sharp end of market turmoil during this time.
A recent article in Post described the government’s decision to introduce draft legislation to reform the way the Odgen discount rate is set as ‘a victory for insurers’.
The discount rate has
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