FCA denies dragging feet on dual pricing
Christopher Woolard outlined the findings of the regulator’s general market study into pricing and pledged to examine industry impact of the recommendations.
Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority (FCA), has reiterated that the regulator is considering banning dual pricing practices in insurance.
At a press conference in London today (4 October), Woolard said: “One remedy that we’re looking at is restricting or banning the practice of raising prices for people who renew year-on-year.”
Another potential remedy floated by the FCA is that customers should automatically be moved to a
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