FCA promises action against overcharging brokers

Sheldon Mills ABI Conf

The Financial Conduct Authority has warned brokers it will “take action” against those charging inflated commissions for arranging cladding cover, with some charging up to 62%.

Sheldon Mills, executive director for consumers and competition at the FCA, said the regulator has been working very closely with the Department for Levelling Up, Housing & Communities, and secretary

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