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UK wholesale insurance sector escapes FCA intervention

( February 20, 2019, 07:27 GMT | Official Statement) -- MLex Summary: The UK market for wholesale insurance brokers isn't suffering "significant levels of harm" and there is no need for "intrusive remedies," the UK's financial watchdog has found. Publishing a study into the sector, the Financial Conduct Authority said it would work with the London Insurance Market to counter some concerns over managing conflicts of interest, disclosing information to clients, and agreements between brokers and insurers that may limit competition.The statement follows. The full report is attached....

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