FCA updates dual pricing rules
Regulator releases policy statement with updates and clarifications to its GI pricing rules following feedback, but highlights that the changes do not affect its desired outcomes.
The Financial Conduct Authority (FCA) has made “minor amendments” to its final rules on general insurance pricing following feedback from the market.
The regulator revealed radical plans to ban dual pricing in the final report of its market study into the pricing of home and motor insurance, published in September 2020.
Its final rules were revealed in May 2021, and the watchdog explained that it has since been engaging with stakeholders to “understand the challenges involved in implementing
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