Lloyd's increases pressure on FSA regarding disclosure
Lloyd's will continue to argue for the mandatory disclosure of commissions and has the backing of se...
Lloyd's will continue to argue for the mandatory disclosure of commissions and has the backing of several insurers and brokers.
In a speech to the Insurance Institute of London, Nick Prettejohn, chief executive of Lloyd's, called for mandatory commission disclosure of the compensation earned on every insurance transaction.
Prettejohn said: "The Financial Services Authority should change their conduct-of-business regime from the current approach of disclosure on request to mandatory disclosure
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