Brokers under fresh attack due to “huge conflict of interest” over commission

raining-money

Mactavish has called for a complete overhaul of how broker remuneration is communicated to clients after it published a report revealing that brokers receive as much as 80% of their remuneration from insurers.

According to the consultancy, this presents a “huge conflict of interest” as only 20% of broker revenue is composed of fees from their clients.

The report, Broker Conflicts, also showed that much of a broker’s revenue is directly linked to the price of premiums and Mactavish flagged that

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