Brokers warned over admin fees and commission

A policeman with a stop sign

In a talk hosted by partner at the insurance advisory division of DAC Beachcroft, Matthew Rutter as part of an Managing General Agents’ Association (MGAA) event, a variety of issues were discussed, including broker fees.

An issue being that some brokers charge customers both admin fees and commissions. This was part of a wider debate about one of the key findings the Financial Cinduct Authority (FCA) has made regarding pricing.

Rutter suggested that there is a “danger if only commission levels

To continue reading...

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: