Market warns of "unintended consequences" following FCA dual pricing study
The sector has welcomed further consultation on the proposals which include a potential ban on dual pricing.
Insurance experts including Axa, Consumer Intelligence, and KPMG have warned that the sector needs to work together to develop a whole market solution to dual pricing and consider the future carefully to avoid unintended consequences and harming market competition, in reaction to Financial Conduct Authority’s (FCA’s) general insurance pricing practices interim report.
In its report, published today (4 October), the regulator announced that it was considering banning dual pricing.
According to
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