Sector hails FCA renewals proposals as “good news”
ABI and Aviva welcome consultation on showing last year’s premium price on renewal notices.
The Association of British Insurers (ABI) has hailed Financial Conduct Authority (FCA) proposals for insurers to show last year's premium alongside renewal notices as a "good idea".
Director general, Huw Evans, said: "Publishing last year's price alongside the renewal quote up front is a good idea which insurers themselves proposed to the FCA last year. This will help customers and encourage them to engage with the policy they choose and what they get for their money.
"It will take time to
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