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ABI comments on FCA report on general insurance premium financing

Responding to the Financial Conduct Authority's (FCA) report on general insurance premium financing published today, the ABI commented:

"Insurers want to ensure that any premium finance options are clearly and fully set out as part of the sales process, so that customers know exactly how much they have to pay for their insurance. Our members will be carefully considering the findings of this FCA review to ensure that all motor and household insurance customers understand the cost of the different premium payment options."


Last updated 01/07/2016