FSA rules against mandatory commission disclosure for now
The Financial Services Authority's has formally confirmed 'industry guidance' status on the market solution in respect of conflicts of interest, disclosure and transparency in the commercial insurance sector for intermediaries. The British Insurance Brokers' Association, London and International Insurance Brokers' Association, Institute of Insurance Brokers and Association of British Insurers have today all welcomed the move.
Eric Galbraith, Biba chief executive said: "Our members have repeatedly told us that the FSA's concerns could be addressed by means of an industry solution. I am therefore delighted that the
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