FCA puts broker commission under the spotlight in multi-occupancy property insurance review
The regulator’s survey includes asking if brokers have a bribery and corruption policy and a request for a copy.
The Financial Conduct Authority has issued an information request to brokers in its insurance for multi-occupancy buildings review asking for details on commission, managing conflicts of interest and levels of complaints.
In January, Michael Gove the Secretary of State for Levelling Up, Housing and Communities wrote to the FCA demanding a market review saying he was “extremely concerned” about the pressure leaseholders face from rapidly escalating insurance premiums on blocks of flats following
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