Editor's comment - December 2010
As our front page shows, the prospect of mandatory commission disclosure appears to be receding. I'm not a broker so I can't really make any truly informed comment on the rights or wrongs of this. However, I'm a journalist and, by extension, nosey.
There has been much made about professionalism in the broking and wider insurance market this year but there's something about the majority of brokers' reluctance to abandon commissions that, to me, does not sit naturally with professionalism.
Solicitors and accountants are recognised professions - they charge an upfront fee. The cost is transparent and if the client thinks the fee is too expensive for the service or expertise they receive, they can go elsewhere.
But in broking, as it stands
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