Axa retail CEO says pricing review heralds the most ‘endemic’ change in market's recent memory
The Financial Conduct Authority's pricing review will bring the most “endemic” change the insurance market has experienced in a long time and the work that comes with it should not be underestimated, according to Axa Retail CEO Tara Foley.
The FCA’s ban on price walking, intended to eliminate the so-called ‘loyalty penalty’, is due to come into effect on 1 January 2022.
Firms have until 17 January to get their processes and pricing
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