Insurance intermediaries not compelled to disclose commission rates

The Financial Services Authority has announced that it would not compel insurance intermediaries to disclose their commission rates. Instead, the regulator confirmed it had accepted the Industry Guidance proposal, which would leave it up to the industry to establish how to handle conflicts of interest, disclosure and transparency in the commercial insurance sector for intermediaries. The step was welcomed by the industry's trade associations, which have been behind the development of the alterna