JLT challenges rivals to abolish brokerage
London based Jardine Lloyd Thompson Group (JLT) has challenged its rival brokers to enter into a commission free world to increase market transparency.
The group's CEO Dominic Burke said that he would be happy to sign up to abolish commissions and work purely on transparent fees if his competitors joined him.
"We'd sign up tomorrow," he said, claiming it would provide JLT with a "significant benefit".
"My challenge to the big three is, they couldn't beat us on rates,&quo...
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