FCA consults on insurance payment deferral guidance
Insurers, brokers, premium finance lenders and more have been told by the Financial Conduct Authority to consider giving payment deferrals and refunds as well as waiving cancellation fees to customers hit financially by the coronavirus epidemic.
In addition the watchdog has told market players to look at lower premiums and alternative products for affected customers.
The proposed guidance for personal lines and SME business sets out the
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