Biba's call for tougher regulation rejected by Gocompare

Gocompare has hit back at Biba’s call for tougher regulation of comparison websites.

Hayley Parsons, managing director of Gocompare said: “All the major insurance comparison sites are already authorised and regulated by the FSA, as are the insurance companies and the brokers who appear on them.

"Had Biba’s comments come two years ago I might have agreed with them, however the new players in the comparison market have led the way in terms of providing far more product information to help consumers make the most informed choice and find the best product for them.

“Biba’s research

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FCA adds four more S166s to sector

The Financial Conduct Authority has slapped the general insurance and protection sector with another four skilled person reports as the crackdown continues.

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