Premium finance not affected by FCA relief measures, says Biba
Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.
The British Insurance Brokers’ Association (Biba) has stated that temporary relief measures introduced by the Financial Conduct Authority (FCA) will not affect premium finance arrangements.
Earlier today (9 April), the regulator confirmed the introduction of measures designed to give temporary financial relief to customers facing payment difficulties.
Christopher Woolard, interim chief executive at the FCA, said: “We know many people are suffering financial pressures brought on as a result of
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