FCA’s Brewis: brokers key to helping curb unjustifiable freeholder commissions
The Financial Conduct Authority recommended insurance brokers interrogate property managers more to justify their commission with the publication of its latest paper on multi-occupancy buildings insurance.
Speaking at the Insurance Age Broker Breakfast in Leeds this week, the FCA’s director of insurance, Matt Brewis (pictured), provided an update on where it was in terms of progress towards potential remedies in this space ahead of its report today, seven months after delivering its initial recommendations.
In response to a question on this topic from Clear Insurance group sales and marketing director Jodie Horgan, Brewis told delegates: “We are doing two things with that. We are doing everything
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