The FCA (faceless suits who nobody voted for) are moving towards stopping the practice whereby insurers (or their agents in most cases) buy in business with attractive (ie heavily discounted) first year offers. This is not dissimilar to the action the FCA’s predecessor took with the banks.
We’ll see what this means for bods’ renewals and if the FCA’s initiative is successful.
We’ll see what this means for bods’ renewals and if the FCA’s initiative is successful.