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News - UK brokers singled out in EC transparency row.
(From Post Magazine)
Byline: Ralph Savage.
Broker transparency has come under the spotlight again as lawyers claimed policyholders would be quizzed as part of Brussels' ongoing competition enquiry.
The publication of the European Commission competition directorate's interim report on business insurance saw UK brokers singled out as seeming "in general the least inclined to provide information to their clients".
A raft of potential problems were directed at insurance brokers, including the potential conflict of interest arising from the use of binding authority arrangements.
The EC also found that contingent and profit commissions were still widespread, a fact that broker Marsh was quick to criticise. "We share reservations about the continued accepting of contingent commissions by some brokers," said Toby Foster, director at Marsh. "We will continue to make the case strongly that, in the interest of ...
- Small brokers singled out in mortgage probe.
- Magazine article from: Money Marketing January 11, 2007 700+ words
FSA's quality of advice investigation finds that 75% of smaller firms lack robust processes Small mortgage brokers and networks have been fiercely criticised by the FSA and threatened with enforcement action for multiple failings across many areas of mortgage advice. The regulator's quality of
- UK brokers profit from ING strategy change.
- Newspaper article from: Financial News March 18, 2003 700+ words
Byline: Yasmine Chinwala and Michael Hoare Bridgewell Securities and Collins Stewart, the UK brokers, have benefited from Dutch financial group ING's strategy to focus on European medium and large stocks by picking up two of...
- Non-UK Brokers Enter Lloyd's.(Brief Article)
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management May 7, 2001 700+ words
Six new insurance brokers have been admitted to Lloyd's of London, including the first non-U.K.-based brokers ever to be granted direct access lathe market. These brokers represent the first to be accredited under the new rules for direct access announced by the market last year. The six new
- OVERSEAS PROPERTY: Overseas firm woos UK brokers.
- Magazine article from: Mortgage Strategy April 27, 2009 700+ words
An overseas property development firm is considering using mortgage brokers to source clients looking to invest in a new development in Cape Verde. Home of Choice, Mortgage Next, Savills Private Finance, Spinnaka and Goldsmith Williams are just a few of the firms that have signed up in partnership
- News: Paribas tailors service for UK brokers.
- Magazine article from: Pensions Week April 24, 2006 700+ words
BNP Paribas Securities Services has extended its capabilities to the UK by setting up an outsourcing service for institutional brokers. The service will aim to provide a tailored service for the institutional broker and corporate broker dealer community. Tony Solway, head of BNP Paribas Security
- ANALYSIS: Impact on US sub-prime credit crunch having on UK brokers?
- Magazine article from: Mortgage Strategy September 3, 2007 700+ words
Brokers will have to tread carefully and work together with packagers and lenders to get through the current market conditions, say our experts Barry Meeks is managing director of Pink Home Loans The repercussions of the US sub-prime market crash are being felt on this side of the Atlantic. We've
- Report Buyer: Free Report Analyses Risks to UK Investors of Trading Stock in...
- Press release article from: M2 Presswire October 30, 2008 700+ words
...of markets present real difficulty. The article says many UK brokers now offer direct access to several foreign exchanges at trading...take a first step into international trading. "Plenty of UK brokers now offer access to a range of markets at commissions that...
- UK waste broker register scheme
- Newspaper article from: Haznews October 1, 1992 700+ words
...of waste at a suitable facility. There are 100-200 such UK brokers. * Companies whose main business is waste treatment and...and are not required to demonstrate technical competence. UK brokers dealing exclusively with the shipment of waste between or...
