FSA green-lights guidelines for broker commissions
UK regulator the Financial Services Authority (FSA) has granted "Industry Guidance" status to the market guidelines developed by broker trade bodies to deal with the thorny issue of transparency and disclosure around commissions 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 find a market solution, leaving the British Insurance Brokers Association (BIBA) and the breakaway London and International Insurance Brokers&...
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