FCA issues fair value warning amid government's flats insurance review order
The Financial Conduct Authority has written Dear CEO letters to insurers and brokers, putting pricing models, product fair value and commission in the spotlight after the government ordered a review into the "failing" insurance market for leaseholders.
Michael Gove, Secretary of State for Levelling Up, Housing and Communities, had called for the probe into the “crippling costs” of insurance premiums for residents of blocks of flats.
His letter was
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