Analysis

Briefing: Are regulations on affordability pulling in opposite directions?

By 2024-03-07T09:00:00

pulling apart

The associated costs of new regulation mean that insurance providers may soon have to consider whether affordability is affordable

Those paying attention to the regulator’s movements over the past few weeks may have noticed the FCA flexing its muscles. 

Back in September last year, I wrote that the industry’s regulator had placed guaranteed asset protection (gap) insurance firmly in its crosshairs after a period of information gathering left it unhappy with the product’s fair value to consumers. 

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