FCA delays travel insurance signposting review
The Financial Conduct Authority has delayed its review into the implementation of travel insurance signposting rules by a year.
The review will now take place in April to October 2023.
The watchdog introduced new requirements in April 2021 to help consumers with more serious pre-existing medical conditions better navigate the travel insurance market.
Under the rules, firms that sell travel insurance have to signpost (see box) relevant consumers to a directory of specialist firms that provide this type of insurance.
SignpostingInsurers and brokers must signpost when presented with a circumstance in which they:
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