Briefing: Government makes demands to Biba in response to ‘disturbing remuneration’ practices
The Secretary of State for Levelling Up, Housing & Communities, Simon Clarke, has demanded ‘immediate changes’, ordering the British Insurance Brokers’ Association to address ‘disturbing’ remuneration practices following a Financial Conduct Authority report last week.
Last week, the FCA published its findings on insurance for multi-occupancy buildings. In the report, it was stated that the average absolute value of commissions has more than tripled for brokers
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