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Undisclosed Commissions (UDC)

/ˌʌn.dɪsˈkləʊzd kəˈmɪʃənz/

noun
Definition:

Payments made secretly to an agent, intermediary, or third party, typically by a seller or service provider, without the knowledge or consent of the buyer, often leading to conflicts of interest or unfair practices.

Example:

"The court ruled in favour of the claimant, citing that the financial advisor had received undisclosed commissions from the investment provider."

Introduction to Undisclosed Commission Claims

Undisclosed commissions can have a serious impact on your financial agreements, leaving you out of pocket and unaware of hidden charges. These commissions occur when brokers, financial advisers, or institutions receive payments or fees from third parties without fully disclosing them to you.

Unfortunately, many brokers fail to disclose the commissions they receive, prioritising their own profits over your best interests. In some cases, brokers may recommend products not because they are the best fit for your needs, but because they offer the highest referral fee. This lack of transparency can leave you tied into financial agreements that are neither impartial nor beneficial.

Whether it’s in loan agreements, car finance deals, mortgages, or insurance policies, failing to inform you about hidden commissions is not only unfair—it’s potentially unlawful. At Claims4gain, we specialise in identifying these practices and helping clients reclaim the money they’re owed. If you suspect you’ve been affected by undisclosed commissions, we’re here to ensure you receive the justice and compensation you deserve.

Types of Undisclosed Commission Claims

1. Loan Agreements

What Happens: In many loan agreements, brokers or financial institutions may receive hidden commissions from lenders for recommending their products.
How It Affects You: You might end up with a loan that’s more expensive than necessary because the broker’s recommendation was driven by the commission they received rather than your best financial interests
How We Can Help: If these fees were not fully disclosed to you, we’ll work to recover the additional costs incurred.

2. Car Finance Deals

What Happens: Car dealerships and brokers frequently receive commissions from finance companies for arranging loans or hire purchase agreements.
How It Affects You: These undisclosed fees can inflate the overall cost of your finance deal. Dealers may recommend finance agreements offering them the highest commission, rather than those with the best terms for you.
How We Can Help: If the commission was not clearly disclosed or impacted your decision, you could have grounds for a claim..

3. Mortgages

What Happens: Brokers might recommend certain lenders or mortgage products because of the commission they stand to earn
How It Affects You: This lack of transparency could lead to higher costs over the long term or unsuitable terms.
How We Can Help: If the broker’s commission wasn’t disclosed to you, we’ll help recover those hidden fees.

4. Insurance Policies

What Happens: When arranging insurance policies, brokers may earn referral fees or commissions from insurers for recommending their products.
How It Affects You: This often leads to higher premiums or limited coverage as brokers prioritise their commissions over your needs.
How We Can Help: If the broker’s financial incentive wasn’t disclosed, you may have a claim for undisclosed commissions.

How We Help

At Claims4gain, we are experienced in handling all types of undisclosed commission claims. Here’s how we can assist you:

Comprehensive Contract Review: Analysing financial agreements for evidence of hidden fees.
Expert Investigations: Identifying broker misconduct or supplier practices that breach regulations.
Strong Legal Partnerships: Ensuring your case is well-represented by top solicitors.
Maximising Compensation: Recovering financial losses caused by unfair practices.