Knock-on effect of referral fee ban not an issue for Admiral CEO
Admiral chief executive Henry Engelhardt has brushed aside fears that future legislative changes relating to the ban on referral fees could take its toll on his firm's UK balance sheet.
Admiral generated approximately £10m from bodily injury referral fees in the first half of 2012, a figure that accounted for around 6% of the firm's profits during the period, or 2% to 3% of net
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