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FCA Consumer Duty clampdown triggers surge in product benchmarking

By 2023-05-03T11:21:00

product comparison

‘Our data shows providers have been busy making sure that their products are fit for the consumers they’re being sold to’, says head of insight and consulting

The FCA’s Consumer Duty clamp-down has triggered general insurance providers to increasingly use product benchmarking tools, according to financial information, ratings and fintech business Defaqto.

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