Thursday August 6, 2020

New brokers’ rules will only penalise potential clients

A hospitality ban is good, but removing the ability to call yourself ‘independent’ if you only charge via fee misses the point

29th September, 2019

Last week, the Central Bank published details of a range of new rules that will cover the relationships between financial brokers and the banks and financial firms they deal with.

While the bank decided not to ban commissions for brokers under the new rules, which will come into effect next March, it did put a stop to things such as brokers accepting free hospitality.

It also sought to increase transparency and restrict the use of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Many of us have achieved a new life balance that might just be the real ‘new normal’

Sharyn McAndrew | 2 months ago

Property firms such as QRE are dealing with the coronavirus lockdown by trying to maintain some normality in their day-to-day business

Conor Whelan | 2 months ago

Hardline opposition to EU solidarity in funding the cost of Covid-19 is driven by German allergy to ‘imprudent’ spending, and by Dutch politicians fearing the transfer of funds to southern countries would provoke a far-right backlash

Barry J Whyte | 3 months ago