Brokers call for level playing field from Europe over commission disclosure
Brokers back transparency over commission fees but demand equal footing with insurers on disclosure
Brokers have once again demanded a level playing field when it comes to the issue of commission disclosure. The topic came to the fore prior to the British Insurance Brokers’ Association (Biba) 2012 conference when what appeared to be a leaked working document from the European Commission hit the headlines.
According to Steve White, head of compliance and training at Biba, the expectations of revisions to
the Insurance Mediation Directive (IMD) had been of commission disclosure upon request
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