Biba CEO: Brokers should not fear FCA conflict of interest review
British Insurance Brokers' Association (Biba) CEO Steve White has insisted that brokers who have adopted previous conflict of interest guidance "have nothing to be worried about" by the regulator's review.
Simon Green, head of general insurance and protection at the Financial Conduct Authority (FCA), today announced that a thematic review into broker conflicts of interest will take place.
Responding to the announcement made at Insurance Age's 3R's event, White told delegates that the trade body had been expecting a review of this nature "for a number of years" and it had not come as a surprise.
He said that Biba issued two guidance papers to members about conflicts of interest in 2005 and 2006. He
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