The Hong Kong insurance industry will raise its disclosure on fees in mid-April. However, buyer beware, most consumers will not notice a difference.
In a nutshell, brokers must disclose fees on insurance sales only if it is higher than that "customarily paid", or so says a circular from the Confederation of Insurance Brokers, a trade body.
At stake is the degree to which sales people are required to disclose commission income on insurance products.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1198780/new-insurance-rule-far-transparent-fee-disclosure
No comments:
Post a Comment