FCA puts comparison sites under spotlight

comparison-website

Often viewed by brokers as a necessary evil, price comparison websites (PCWs) last month became the latest insurance-related area to come under the regulator’s microscope.

The Financial Conduct Authority (FCA) confirmed that it had begun a thematic review into the online offerings, citing concerns that consumers may not be receiving the best deal. Specifically it will entail 14 PCWs, some 90% of the market, as well as several insurance providers.

The nuts and bolts of the financial watchdog’s fo

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