Commission disclosure
FCA chief highlights PPI mis-selling in commission crackdown plans
Martin Wheatley, chief executive officer designate of the Financial Conduct Authority (FCA), has confirmed that he wants to see an end to mis-selling created by sales incentives.
FCA boss to clamp down on commission-led sales
Commission payments on all financial products are to be severely curtailed by the new financial regulator.
Countdown to commission disclosure
As mandatory commission disclosure rears its head again, Tony Cornell asks what effect it could have on the general insurance market
Lawyers highlight impact of IMD on aggregators
Law firm Norton Rose has claimed that aggregators, claims managers and loss adjustors will be most heavily impacted by the changes proposed in the new text of the Insurance Mediation Directive II.
ABI sees 'minimal future benefit' from compulsory commission disclosure
The Association of British Insurers (ABI) has responded to the European Commission’s proposals including on the Insurance Mediation Directive II.
Biba hits out at Europe over compulsory commission disclosure timetable
The British Insurance Brokers’ Association (Biba) has said it is very disappointed that the European Commission has imposed a five-year timetable for compulsory commission disclosure in the general insurance sector.
Video: What The Papers Say latest edition
In this month's edition of What The Papers Say, Ralph Savage, director at RTS Media, encourages businesses to unleash the geeks.
Power hour: Break with the past
At a special round table held at Biba 2012 in Manchester, Martin Friel found out what trends face the industry and what brokers can do to survive and thrive in a quickly evolving environment
Brokers call for level playing field from Europe over commission disclosure
Brokers back transparency over commission fees but demand equal footing with insurers on disclosure
Commission disclosure, it's a question of politics
Let me share with you the major reason why I think brokers need to get ready for commission disclosure.
Biba 2012 Video: Reactions to recession
Today at Biba we asked attendees what their reaction to the recession was and whether it has affected clients.
New IMD clause brings threat of compulsory commission disclosure
Brokers face the threat of mandatory commission disclosure if a proposed revision of the Insurance Mediation Directive (IMD) is accepted, the British Insurance Brokers' Association (Biba) has warned.
Disappointing results for Willis show income halved last year
Willis has reported total commissions and fees of $816m (£520m) for the fourth quarter of 2011, down from $823m in the same quarter of 2010.
Products: Schemes brokers chase commission, study shows
Research by MMA has found that brokers have been diligently undertaking schemes work with insurers although there were variations in uptake both by size and across the country. It also discovered that the most common time to retender a scheme was every…
Brokers want service and commission for their schemes
Half of all UK brokers are managing various types of schemes and they want high commissions to keep it with one provider, according to a study.
Two insurance brokers banned by FSA
The Financial Services Authority (FSA) has banned two insurance brokers, Andrew Porter and Alexander Brincat, from working in the financial services industry and withdrawn the permissions of Mr Brincat’s insurance firm Wise Owl Services.
Survey finds falling profitability for brokers
The latest Confederation of British Industry/PwC quarterly survey on financial services has revealed that general insurance brokers expect their volume of business and income to fall in the next three months.
Bulletin from Bordeaux: Axa targeting 96% COR
In his second report from Axa's media conference in Bordeaux, Emmanuel Kenning reveals the insurer's plans for broker commissions.
Pruhealth slams "unsustainable" commission levels and unveils new model
PruHealth has adopted what it believes to be a more sustainable and transparent commission model.
Macmillan Sheikh hits ground running with two new schemes
Following its launch, Macmillan Sheikh has unveiled two further schemes designed to provide a range of insurance cover to the cleaning industry and tour operators.
Biba queries "misleading" survey on aggregator commission levels
The British Brokers’ Association (Biba) has questioned a recent YouGov survey which stated that the average commission taken by comparison sites stood at 24%.
Jon Dye: what have you done for brokers lately?
From expanding Allianz Retail’s motor offering and setting up an online comparison service to trying to out-sing Gio Compario, Jon Dye tells us what he’s been up to.
Groupama launches first product from "Exclusively" range
Groupama Insurances has created a series of specialist commercial insurance products for open market trading with supporting brokers.
Viewpoint - State of the industry: we really must be desperate
An anonymous view from the trenches offers a dose of reality about the state of UK commercial insurance.