Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
Brokers have welcomed the Financial Conduct Authority’s (FCA) proposals to ban dual pricing practices in the home and motor insurance sectors.
The regulator yesterday (22 September) published its final report of its market study into pricing in the general insurance sector, which was launched in 2018 in response to a super-complaint to the Competition and Markets Authority issued by charity Citizens Advice.
A-Plan chief executive officer Carl Shuker described the decision as “long awaited, but
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