Is premium finance still a tax on the poor?
News Editor’s View: Scott McGee considers whether recent steps taken by trade bodies to address premium finance will reassure the Financial Conduct Authority that this payment method is no longer a ‘tax on being poor’ that needs to be tackled.
Insurance Post’s interview with FCA director of general insurance Matt Brewis at the start of this year caused a bit of a storm.
Brewis calling premium finance a “poor product” and warning he had
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