FCA's product governance rules to have "significant ramifications" for commercial brokers

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Commercial lines brokers need to be aware that some of the Financial Conduct Authority’s (FCA) new pricing rules apply to them too, Branko Bjelobaba, managing director at compliance consultancy firm Branko Limited, has warned.

At a webinar organised by the Chartered Insurance Institute (CII), Bjelobaba stated that many brokers wrongly believe the fresh set of rules published in the FCA’s general insurance pricing practices market study only apply to personal lines players.

“I’d say when you

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