FCA to introduce ban on pre-ticked add-ons from April 2016
The Financial Conduct Authority will ban the sale of insurance add-ons via pre-ticked boxes from April 2016 after a consultation found that customers were overpaying by as much as £200m per year for additional products.
In March this year, the regulator launched a consultation into banning add-ons as well as prohibiting opt-out sales practices for financial services products.
It said in new guidance: "As a result of
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