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FCA publishes final rules on GAP insurance add-ons

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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

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