In-depth - wholesale: Are wholesalers giving retail brokers a fair deal?
Transparency over remuneration and trust between wholesale and retail brokers are vital for the market to thrive
It has nearly been a year since the publication of the Financial Conduct Authority’s (FCA) final report for its Wholesale Insurance Broker Market Study.
Three areas of concern were highlighted in the report – firms’ management of conflicts of interest; the information firms disclose to clients; and contractual agreements between brokers and insurers, where there’s a risk of limiting competition.
So, has the market addressed the regulator’s concerns?
Shifting sentiment
John Needham, partner
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