BIBA urges brokers to up their game over commission disclosure after FSA criticism
The Financial Services Authority has aired further concern about the way brokers disclose commission...
The Financial Services Authority has aired further concern about the way brokers disclose commission to clients. In a letter to chief executives, the FSA cited profit share arrangements, payment to appointed representatives and to premium finance companies as potential failures. The FSA wants boards to establish and maintain the criteria, and ensure proper records are maintained.
The British Insurance Brokers' Association is set to go into battle with the FSA over commission disclosure but is
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