Finance

Which urges FCA to take action on premium finance following investigation
















































Which urges FCA to take action on premium finance following investigation – Insurance Post





Insurance Post


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Which? has urged the FCA to devise an action plan on premium finance after an investigation found home and motor insurance customers have been subject to up to 40% APRs.

A survey where Which? approached 39 car insurers and 34 home insurers found APRs of up to 40% in motor insurance, and 35% in home insurance for customers spreading their payments across the year.

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