FCA's add-on shake-up "bad news for bad brokers"
Watchdog today warned that GI firms must stop viewing consumers as "pound signs".
The regulator's proposed shake-up of the general insurance add-on market has been described as "good news for good brokers, but bad news for bad brokers".
The Financial Conduct Authority (FCA) today said that firms "must start putting consumers first and stop seeing them as pound signs".
And reacting to the report, Mike Cranny, regulation expert and founder of compliance consultancy Create Solutions, told Insurance Age that the products the watchdog ran the rule over have been "really badly sold
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