FCA to clamp down on premium finance outliers in 2024
Briefing: The Financial Conduct Authority’s head of insurance Matt Brewis has labelled premium finance a “poor product”, and warned the regulator has “talked about it enough”, hinting at potential action surrounding the practice in the next 12 months.
In an exclusive interview with Insurance Post, due to be published next week, Brewis said he “wholeheartedly” agrees with those who label premium finance as a “poverty premium”.
He said: “It is a tax
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