FCA turns focus to competition in GAP market

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The Financial Conduct Authority is proposing changes to promote competition in the £160m guaranteed asset protection insurance market.

The key proposals are: a deferred opt-in or pause in the sale which would mean the sales process could not conclude for a set time period, giving customers time to consider whether they need the

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Checking the price is right for insurance

Emma Ann Hughes examines how to prove the price is right of cover for different segments of consumers and observes it requires a whole lot more than just knowing the cost of delivering insurance products and services.

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