Industry urged to tackle dual pricing
Citizens Advice calls for dual pricing discussion to “begin from the assumption that pricing differences are unfair” at Parliamentary meeting of regulators and trade bodies.
The Financial Conduct Authority (FCA) is trying to work out whether pricing in the insurance sector is fair or discriminating against certain consumers, according to its director of competition Sheldon Mills.
Industry experts and regulators discussed the issue of dual pricing and transparency at an All Party Parliamentary Group for insurance and financial services meeting in Parliament yesterday (4 March).
Mills highlighted that the FCA had launched an investigation into how insurers charge
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