Willis review unclear whether supplemental compensation arrangement are too similar to contingent commissions...
Willis Group announced today that it is reviewing with its clients, carrier partners and regulatory agencies, the supplemental compensation arrangements that are currently being proposed in the marketplace by certain carriers.
After its preliminary review, Willis stated that it was unclear whether these proposals create perceived conflicts, similar to those created by contingent commissions.
Willis added that these new arrangements must be devoid of conflicts, fully transparent to clients and must not erode the fundamental client-broker relationship.
