How hidden charges sting the broker

piggy-bank-drowning

Bexhill UK’s Alan Atkins argues that cheaper is not always better when it comes to premium finance.

Transparency is clearly vital when arranging premium finance for clients, but are all premium finance providers as transparent in their dealings with brokers?

Are brokers aware how their commissions are calculated and are they getting a fair slice of the pie?

The headline rate is one thing, but the way in which some providers present their terms can mean that, in reality, there are a number of ways in which brokers' commission is eroded.

The first are minimum service charges; these are applied

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: