PRA probes broker facilities

The Prudential Regulation Authority (PRA) is investigating
broker facilities in one of two interconnected reviews launched
amid pleas for help from carriers in tackling mounting acquisition
costs, The Insurance Insider has
learned.
The decision to study facilitisation represents a marked shift
in the regulator's stance, with the PRA previously making clear
that it did not consider facilities and the associated increase in
broker remuneration a matter for prudential regulation.
UK regulators work