Briefing: The FCA is sending the wrong message on dual pricing
June 2020 was to be the month insurers got their comeuppance on the saga that is dual pricing, but the Financial Conduct Authority has once again dropped the ball.
In its interim report, the FCA stomped its feet and highlighted that when it comes to motor insurance alone, 64% of vulnerable consumers are likely to be unaware of dual pricing. The regulator said
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Insurers continue to face the challenge of distinguishing and differentiating themselves on anything other than being among the cheapest providers.