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FCA investigating insurance add-ons
consumer_champ
Posts: 14 Forumite
Great that the Financial Conduct Authority (FCA) is investigating the UK's add-on insurance market. This is where a general insurance product (e.g. travel insurance) is sold alongside another related product (such as a passenger flight).
Earlier this year the FCA published the provisional findings of a market study that suggests there is a significant lack of effective competition in this market and that consumers are being overcharged.
Yet more proof of the need for robust regulation of the UK insurance industry.
Earlier this year the FCA published the provisional findings of a market study that suggests there is a significant lack of effective competition in this market and that consumers are being overcharged.
Yet more proof of the need for robust regulation of the UK insurance industry.
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Comments
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consumer_champ wrote: »Great that the Financial Conduct Authority (FCA) is investigating the UK's add-on insurance market. This is where a general insurance product (e.g. travel insurance) is sold alongside another related product (such as a passenger flight).
Earlier this year the FCA published the provisional findings of a market study that suggests there is a significant lack of effective competition in this market and that consumers are being overcharged.
Yet more proof of the need for robust regulation of the UK insurance industry.
What a waste of time effort and money. typical FCA in all fairness0 -
Kind of proves my point. With that kind of attitude no wonder consumers aren't getting a fair deal.0
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