Financial brokers’ fees won’t not be caped

Under pressure from insurers and financial brokers, the ruling coalition is making changes to its proposed legislation. On Thursday, parliament’s finance committee approved a 3-month delay for the new 8% tax on non-life insurance policies, now to take effect on January 1, 2019. It also omitted a cap on brokers’ commissions when selling loans from the government’s bill, and softened the cap when selling life insurance policies. Parliament will have the final say on both issues shortly.

(sme.sk)