Covid-19: FCA seeks to extend measures to help insurance customers who are struggling financially
The regulator wants the measures, which require firms to consider premium reductions and payment deferrals, to be extended to 31 October.
The Financial Conduct Authority (FCA) has proposed to extend a series of temporary measures to help insurance and premium finance customers who may be in financial difficulties due to Covid-19.
The regulator first implemented the measures, which require firms to consider what options they can provide to customers, on 18 May.
It is now seeking comments by 5pm on Tuesday 28 July on its proposal to extend this guidance until 31 October 2020.
The watchdog further urged businesses to continue to
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