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Four-month implementation period for FCA’s price walking remedies is a ‘joke’ – ABI

By 2021-02-25T07:40:00

Discount rate change

Despite potential implementation challenges, the trade association’s director general is ‘very hopeful’ that the proposed ‘road map’ with the FCA will solve the loyalty penalty ‘once and for all’

The four-month implementation period proposed by the FCA for insurers to action its price walking remedies is “a joke”, said Huw Evans, director general of the ABI.

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