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ABI response to the FCA Occasional paper on Access to Financial Services

James Bridge, ABI Assistant Director of Conduct Regulation, comments:

“The paper raises some important questions on how financial services products can be made as widely available as possible. Insurers have made significant steps to make insurance more accessible, including funding Flood Re, embracing digital technologies, and publishing data to help customer understanding.

“The UK is one of the world’s most competitive retail insurance markets, underpinned by effective risk-based pricing, which supports a thriving specialist market to meet society’s needs.”

Last updated 01/07/2016