FCA confirms coronavirus product value guidance

value-highlight

The Financial Conduct Authority (FCA) has today (3 June) confirmed guidance for insurance firms to consider the impact of Covid-19 on the value of their insurance products.

Sheldon Mills, Interim Executive Director of Strategy and Competition at the FCA, said: “Customers should expect value from the insurance products that they buy, but the exceptional circumstances of coronavirus may have materially reduced the value they are getting.

“Today’s guidance is designed to protect consumers by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: