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BIBA: commission disclosure doesn't need FSA regulation

In answer to the FSA forensic review of commission disclosure, the British Insurance Brokers' Association said: "It is our view that greater transparency for commercial customers can be achieved by the market of its own accord and we do not need further regulatory intervention.

Let us not forget that there is little if any evidence of commercial customers asking for this information and that currently the process is as transparent as the customer wants it to be.

This is the

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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