The Future of Commission Retention by Landlords
There is no doubt that the practice of landlords earning commission from the premium paid by tenants is contentious. Real estate investors are exposed to challenge by tenants and, if insurance procurement practices are weak, reputational harm may follow.
In this Adviser, we explore recent reviews by the Financial Conduct Authority and the Competition and Markets Authority, and provide guidance on how to balance the need to recover reasonably incurred costs with increasing scrutiny demanded by stakeholders.
For more information, view or download our Adviser.