FCA denies dragging feet on dual pricing

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Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority (FCA), has reiterated that the regulator is considering banning dual pricing practices in insurance.

At a press conference in London today (4 October), Woolard said: “One remedy that we’re looking at is restricting or banning the practice of raising prices for people who renew year-on-year.”

Another potential remedy floated by the FCA is that customers should automatically be moved to a

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