FCA launches price comparison website probe

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The Financial Conduct Authority (FCA) has begun a thematic review into insurance price comparison websites (PCWs).

Although the regulator maintained that PCWs are a "valuable tool for shopping around", it warned that consumers may not be receiving the best deal if they "focus solely on price" rather than insurance cover.

The review will entail 14 PCWs, some 90% of the market, as well as several insurance providers. The FCA will also look to speak with trade bodies, consumer groups and other

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