The price is right

The regulator is taking a close look at dual pricing but as Tony Cornell argues it can be a vital ingredient of a dynamic and competitive market

The Financial Conduct Authority (FCA) seems to have fallen in love with thematic reviews and one of its current ones is a look at dual pricing. This was prompted by the statements of and a letter from Andrew Tyrie MP, who is chair of the Treasury select committee. He expressed concern that new customers were being quoted lower premiums than existing ones and that loyalty was being penalised, especially for those who may not have access to or wish to use comparison sites. The question was mainly