FCA says intermediaries earned £15.9bn in 2016
Data from the regulator shows 5% increase in revenue since 2015 with commission the main source of income.
The Financial Conduct Authority (FCA) revealed that £15.9m in revenue was earned by companies (10,200) offering insurance mediation in 2016.
Driving the data down further the report showed that the number of companies describing themselves specifically as non investment insurance intermediaries hit 5,083. It did not outline revenue from these firms only.
The report noted: “Commission continues to be the main source of revenue earned from non-investment insurance mediation business, accounting
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