FSA set to back Biba commission disclosure proposal
According to market sources the Financial Services Authority is set to back the existing British Insurance Brokers' Association proposal over commission disclosure which asks brokers to make clear in the TOBA that they can ask the size of the commission.
In addition to this the FSA will ask brokers to send a separate letter to clients outlining their right to ask about the size of commissions. The FSA has said it will make an announcement onOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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