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FCA considering ‘rules to limit commission’ for multioccupancy buildings insurance

By 2022-05-11T08:20:00

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The regulator is collecting data from the insurance industry to help inform ‘potential interventions’, says executive director for consumers and competition

The FCA has informed Michael Gove, the secretary of state for housing, communities and local government, that it would consider introducing rules to limit commissions for multioccupancy buildings insurance were it to identify fees paid to brokers as a “significant cause of harm”.

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