FCA spent nearly £4m on dual pricing market study
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
The Financial Conduct Authority (FCA) spent almost £4m on its market study into the pricing of home and motor insurance, according to a Freedom of Information request made by Insurance Age.
The regulator published its final report of the study last September, revealing radical plans to ban dual pricing.
In its interim report, the watchdog attacked the home and motor insurance markets for not working well for consumers and proposed a number of remedies, including banning or restricting dual
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