Brokers predict “casualties” after FCA add-on findings
Loss of add-on revenue could lead to bigger brokers snapping up struggling firms
The Financial Conduct Authority (FCA) has released the findings of its investigation into the general insurance add-on markets, and recommended a raft of changes to the system.
The regulator said there was a “clear case” for intervention – Christopher Woolard, director of policy, risk and research at the FCA, commented: “Competition in this market is not working well and many consumers are simply not getting value for money.”
Dickon Tysoe, director at claims handling firm Bankstone, agreed with
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