FCA rules out banning broker commission

FCA

The Financial Conduct Authority has ruled out banning broker commission, despite being concerned by “high” 62% charges for arranging cladding insurance.

In response to a question from Insurance Post asking if the watchdog would consider banning insurance broker commission, like the FCA did with financial adviser commission under the Retail

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MoJ told to fix whiplash before introducing more reform

Panellists speaking at an Association of British Insurers event about civil justice urged the Ministry of Justice to fix the whiplash reforms before bringing about any new further changes that affect the motor insurance sector.

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