PB Week: The verdict on commission disclosure
Steve White, British Insurance Brokers' Association's head of compliance and training, explains this week's decision by the Financial Services Authority on commission disclosure
As an armchair fan of most ball-sports, I appreciate that most of these are easier to control if you have possession of the ball. This is an analogy that works nicely when considering this week’s Financial Services Authority’s Feedback Statement FS08/7 on disclosure, conflicts and transparency. The regulator has passed our sector the ball and put the game’s destiny in our own hands.
So, after many months of discussion, consultation, negotiation, sweat and toil, the FSA has announced that it will
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