FCA warns brokers to "pay close attention" after dual pricing ban

dual pricing

Regulator to collect data from any firms setting prices, including brokers, as it calls on the industry to co-operate to tackle the loyalty penalty.

Brokers need to pay close attention to the rules proposed by the Financial Conduct Authority (FCA) to tackle dual pricing, according to Sheldon Mills, interim executive director of strategy and competition at the watchdog.

In a virtual press conference today (22 September), Mills said: “All parts of this industry will have to take cognisance of this report because the impact of the ban on price walking will filter through all aspects of the industry in terms of how prices are set and renewed.

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Markerstudy rebrands broking arm

Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.

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: