Matthew Dyer explains the rules of reporting product disclosure for a wholesale broker
QUESTION: We are a wholesale operation without direct contact with the (commercial) client. Is the onus on us to carry out product disclosure pre and post sale, or does that responsibility rest with the introducing agent?
ANSWER: Under these circumstances the onus will be on you to provide sufficient information both pre and post sale to your introducing agent to allow them to fulfil their product disclosure requirements under FSA. You will not have to provide anything direct to the customer.
Matthew Dyer is managing director of Insurance Training Consortium
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
