How hidden charges sting the broker
Bexhill UK’s Alan Atkins argues that cheaper is not always better when it comes to premium finance.
Transparency is clearly vital when arranging premium finance for clients, but are all premium finance providers as transparent in their dealings with brokers?
Are brokers aware how their commissions are calculated and are they getting a fair slice of the pie?
The headline rate is one thing, but the way in which some providers present their terms can mean that, in reality, there are a number of ways in which brokers' commission is eroded.
The first are minimum service charges; these are applied
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