Bennetts insurance charges

Lord_Baltimore

sithemadmonkey wrote: »

In your eyes, perhaps. But not mine.

Well it seems someone rather more important and influential than you agrees with me.

You must be feeling really stupid .

Lord_Baltimore

rs65 wrote: »

I am better informed.

See above. That goes for you too!

rs65

Lord_Baltimore wrote: »

See above. That goes for you too!

Have you actually read that? The FCA are saying charges should be clearer - not that they shouldn't exist. It therefore seems that they disagree with you.

vaio

Yep, they are also saying that they should reflect actual costs.

On a policy where for £46 they collected & processed the name, address, vehicle & driver details, issued documents, took payment and will do the renewal paperwork (to say nothing of actually providing 12 months insurance cover). it's hard to see how changing an address can cost £30

If rudekid is correct when he said....

rudekid48 wrote: »

.....Bennets are not an Insurer, they are a Broker and from the original premium of £46 will have earned approx. £3.50 for writing the business.......

then a £30 change of address charge is even more suspect.

Lord_Baltimore

rs65 wrote: »

Have you actually read that? The FCA are saying charges should be clearer - not that they shouldn't exist. It therefore seems that they disagree with you.

Endless. I suggest you keep an eye on how things develop so that you become 'better informed' .