Brokers are nonetheless struggling to supply sufficient proof they’re appropriately assessing whether or not their remuneration is in step with the truthful worth of the product they’re promoting.
The Monetary Conduct Authority does nonetheless have “some assurance that these companies are working to fulfill their obligations” after assembly these concerned in its newest Thematic Overview: Product Oversight and Governance – Normal Insurance coverage and Pure Safety, which was printed as we speak.
Total, the newest evaluation discovered insurers and brokers have improved governance and oversight of how merchandise are designed, managed, reviewed and distributed, however many nonetheless can’t present how they’re offering truthful worth
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