Anything to declare?
At this year's British Insurance Brokers' Association conference roundtable, hosted by Groupama, guests discussed the major issues facing brokers around commission disclosure and the impending abolition of goodwill as an asset for brokers
Andrew Tjaardstra: The Financial Services Authority is seeking an industry-led answer to its concerns over commission disclosure and has given more than a hint that it will mandate if any industry solution is not acceptable. How much of a problem do you think this it likely to be?
John Needham: When you look at more detailed and complex sorts of commissions or remuneration structures for brokers, it is going to be a bit of a nightmare if you have to disclose absolutely everything. Then again, it
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