Home and car insurance deals that allow households to pay in monthly instalments face a probe by the City watchdog over fears they may not provide fair value. Probe: The Financial Conduct Authority said it has been ‘concerned’ about pay monthly insurance deals – known as premium finance – for some time. Darren Richards, of consultancy Broadstone, said: ‘Many are …
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Graeme Reynolds, director of competition at the FCA, said: …
FCA probing whether customers are being overcharged to pay in instalments The Financial Conduct Authority has launched a market-wide probe into whether households are being overcharged to pay for car and home insurance in instalments. Probe: The FCA has launched a probe into whether consumers are being overcharged to pay for car and home insurance in instalments Shares in Admiral, …
