Tag: FCA Says

Insurance

Six million customers overpaying insurance premiums, FCA says

Six million home and motor insurance holders are overpaying by a total of ¬£1.2bn per year because firms are not giving loyal customers fair premiums, a watchdog has warned. The Financial Conduct Authority (FCA) found evidence of insurers overcharging long-standing customers through tactics such as selling policies to new consumers […]

Insurance

FCA Says, U.K. Insurers Are Failing to Supervise Salespeople

FCA will write to chief executives demamding better oversight More than half of companies were not clearly managing risks The Financial Conduct Authority will write to chief executives of U.K. insurers after it found “widespread” evidence that companies are failing to supervise external salespeople. More than half of the companies […]