GAP market faces shake-up after FCA competition remedy
Firms distributing guaranteed asset protection insurance in connection with the sale of a vehicle from 1 September 2015 will be required to provide customers with information to help them shop around following new rules published by the Financial Conduct Authority.
The measures, published today, also introduce a deferral period, which means GAP insurance cannot be introduced and sold on the same day.
The rules are designed to ensure that customers are more
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