FCA reveals conflict of interest review at 3R's event
A thematic review into broker conflicts of interest will be launched by the Financial Conduct Authority (FCA), it was today revealed by the regulator at Insurance Age's 3R's event.
Simon Green, head of general insurance and protection at the FCA, announced that the review will focus on SME and micro-business customers, with the findings scheduled to be unveiled by the end of the year.
Mr Green, who was addressing delegates in the City on the FCA's 100th day in office, confirmed: "I am keen to explore conflict of interests and how insurance brokers identify and manage potential conflicts.
"One of the areas we are very focused on is integrity and integrity of the market."
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