Insurers must assess exposure as commission models come under fire
UK financial regulator’s investigation of discretionary commission arrangements has clear parallels with previous mis-selling issues, like PPI, where customers were sold extra products that did not always offer clear value
The FCA’s probe into motor finance sales practices is sounding alarm bells across financial services and insurers, particularly those with products sold alongside car finance, should act now to assess exposure and strengthen oversight before the spotlight shifts further
