LMA demands FSA action on risk commission disclosure
The Lloyd's Market Association (LMA) has called for the Financial Services Authority (FSA) to step i...
The Lloyd's Market Association (LMA) has called for the Financial Services Authority (FSA) to step in to force insurance brokers to reveal how much commission they make for arranging cover for risks.
Andrew Kendrick, chairman of the LMA, said the FSA should act to break the stalemate in the insurance industry over the disclosure of broker remuneration caused by foot-dragging by many brokers: "We are pushing the FSA to be more demonstrative on this issue."
The size and transparency of a broker's
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