FCA publishes final rules on GAP insurance add-ons
Final rules will come into force on 1 September.
The Financial Conduct Authority (FCA) has published a policy statement on its final rules to remedy competition in the add-on guaranteed asset protection (GAP) insurance market.
The watchdog proposed the new rules in December 2014, highlighting that there was little competition in the market and a lack of information on alternatives for customers.
The rules will come into force on 1 September this year and according to the regulator they will empower customers when making decisions about
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Acrisure expands in southern England with two buys
- Ardonagh strikes A$2.3bn PSC deal
- Cost-of-living crisis pushes up premium finance demand