Analysis

FCA pricing report benefits customers – but is there more to it?

By 2020-09-22T13:31:00

challenge

At face value the FCA pricing practices report benefits the customer, and while the insurance industry largely backs the proposals, there have been a number of concerns raised over its implementation

The insurance industry has largely backed the FCA pricing practices report that was published this morning as being right for the customer.

But while the FCA’s report proposes a ban on ”price walking”, meaning that the customers – new or existing – should be charged the same price for insurance, there are concerns over the way it is to be implemented.

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