Biba to consult members over FCA add-on review
Trade body welcomes "sensible" first step.
The British Insurance Brokers’ Association (Biba) is to “informally consult” its members on the Financial Conduct Authority’s (FCA) review into add-on products.
The trade body said it believes that the products within the review offer valuable cover and that the suggested remedies will go some way towards providing a more level playing field for professional insurance brokers and protecting customers.
Biba added that the suggested remedy for gap cover will mostly impact secondary sellers such as
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