FCA considers ban on dual pricing practices
Regulator publishes interim findings in its general insurance pricing practices market study and states that the home and motor insurance markets are not working well for customers.
The Financial Conduct Authority (FCA) has slammed the home and motor insurance markets for not working well for all consumers, as it published its general insurance pricing practices interim report.
According to the FCA, around six million consumers are negatively impacted by dual pricing practices because they do not shop around. If those customers paid the average premium for their risk they could save around £1.2bn a year.
The regulator found that all types of customers were affected, but
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