FCA warns brokers to "pay close attention" after dual pricing ban
Regulator to collect data from any firms setting prices, including brokers, as it calls on the industry to co-operate to tackle the loyalty penalty.
Brokers need to pay close attention to the rules proposed by the Financial Conduct Authority (FCA) to tackle dual pricing, according to Sheldon Mills, interim executive director of strategy and competition at the watchdog.
In a virtual press conference today (22 September), Mills said: “All parts of this industry will have to take cognisance of this report because the impact of the ban on price walking will filter through all aspects of the industry in terms of how prices are set and renewed.
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