Which? fears FCA’s premium finance response is a worrying omen
Rocio Concha, director of policy and advocacy at Which?, warns the Financial Conduct Authority has failed to take decisive action on costly premium finance, leaving financially vulnerable insurance customers paying over the odds.
Premium finance isn’t the most consumer-friendly term, but it is a payment method used widely by insurance customers.
The Financial Conduct Authority estimates nearly 48%, or 23 million, of us pay for
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