FCA goes on attack against "unacceptable" renewal failings
Regulator warns general insurance firms after widespread failings to comply with new rules on renewal transparency.
The Financial Conduct Authority (FCA) has warned it is to take action against GI firms failing to implement the new rules around renewal transparency.
The watchdog has found that some companies are still failing to properly implement the rules despite a warning from the FCA in October last year.
The rules, aiming to increase transparency and encourage shopping around at renewal time, which were proposed in 2016, were introduced in April 2017.
The regulator stated that they require firms to
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