Could premium finance face Gap-like FCA action?
After the Financial Conduct Authority’s Matt Brewis labelled premium finance a “poor product”, Scott McGee examines if the industry has done enough to defend this method of paying for insurance or whether the regulator will soon feel forced to clamp down on the pricing practice.
The Financial Conduct Authority’s firing shots at the industry about premium finance couldn’t have been clearer at the start of this year.
In an interview with Insurance Post in January, the FCA’s
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