Select commission uplifts risk breaking new bribery laws
The Act, which is due to come into force in April next year, will introduce a corporate offence of failure to prevent bribery by persons working on behalf of a business. A business can avoid conviction if it can show that it has adequate procedures in place to prevent bribery.
Aviva recently announced an increased 3% commission for selected brokers delivering new business in the lead up to Christmas while Axa also currently offers a similar 2% commission uplift.
Fiona Carter, corporate
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Complete Cover Group confirms potential job losses
- Blog: Aviva’s predictions for commercial lines brokers this year
- Lords starts hearing evidence in insurance market regulation inquiry
- Pen extends links with QBE for £300m capacity deal
- Staff to vote on strike action against FCA
- People Moves: 24-28 January 2022
- PIB buys Dublin-based broker