Next Financial Services Compensation Claim Trend

Published / Last Updated on 06/09/2019

The next big financial compensation claims trend could be hidden commissions or secret commissions.  This is where lenders, insurers, investment companies and brokers failed to disclose commission payments made to brokers who provided new business to them.

Failing to disclose the existence and value of a commission paid by a provider to a broker places the broker in a position of a conflict of interest.  All brokers should act in their customers best interests. However, commissions may have influenced brokers to give business to the highest payer.

As you may know, Roberts Clark IFS Limited ( operates on a fixed fee policy and do not take any commission or ongoing %).

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