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Insurers must right their wrongs for vulnerable customers, says FCA

Sheldon Mills ABI Conf

Home and motor insurers need to put the “wrongs right” and “improve their treatment” of vulnerable customers as the cost-of-living squeeze continues.

Following a spike in complaints about insurance claims, the Financial Conduct Authority has conducted a review and found examples of lengthy complaint handling times and customers not being given

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

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