FSA green-lights industry guidance on broker commissions
UK regulator the Financial Services Authority (FSA) has formally
ratified industry guidance developed by broker trade bodies around
transparency, disclosure and conflicts of interest in the
commercial insurance market.
After a consultation exercise, the FSA concluded late last year
that it was happy for the insurance industry to draw up its own
guidance on the difficult subject of commission disclosure and
managing potential conflicts of interest.
The British Insurance Brokers Association (BIBA) and the breakaway
London and International Insurance Brokers&...
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