BIBA discards commission fears
The British Insurance Brokers' Association has rejected claims that intermediaries are likely to giv...
The British Insurance Brokers' Association has rejected claims that intermediaries are likely to give up commission revenues.
BIBA regulation and compliance manager Steve White was responding to suggestions by the Association of Insurance and Risk Managers that smaller brokers are reluctant to follow big brokers by ending the receipt of insurer commissions.
He said: "No one has said that big brokers are going to give up on commissions. Firms are instead moving towards complete transparency and
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