Sector Regulation Sector Regulation

UK insurers may not be ready for new rules to ensure fair pricing, FCA warns

By Fiona Maxwell
  • 25 Aug 2021 07:17
  • 25 Aug 2021 07:17
Insurers are lagging behind in their implementation of upcoming UK standards designed to ensure customers receive fair-value products and could face enforcement action, the Financial Conduct Authority said today.

The regulator warned that many insurers are unlikely to be prepared for the introduction of new rules on Oct. 1 (see here), which require the

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