ABI brands regulator's add-on probe "surprisingly generic"
Insurer trade body urged FCA to adopt a more "market-specific approach".
The Association of British Insurers has branded the regulator's probe into general insurance add-on products as "surprisingly generic".
The Financial Conduct Authority (FCA) today proposed a shake-up of the market as part of a critical review of add-ons.
A selection of broker compliance experts welcomed the study, with one telling Insurance Age it was as "good news for good brokers, but bad news for bad brokers".
In contrast, Hugh Savill, the ABI's director of regulation, urged the regulator to
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