GAP insurance

Firms to recommence GAP insurance sales following FCA action

29th May 2024 Consumer Lending | #FCA #GAP insurance

The Financial Conduct Authority (FCA) has confirmed that several firms have been permitted to recommence their sales of Guaranteed Asset Protection (GAP) insurance, following action by the regulator to improve fair value. To restart sales, firms need to demonstrate that their GAP products provide fair value to customers, in line with FCA rules. …

FCA clamps down on GAP insurance providers

12th February 2024 Consumer Lending | #GAP insurance

The Financial Conduct Authority (FCA) has announced that multiple insurance firms have agreed to pause sales of Guaranteed Asset Protection (GAP) insurance, following a request from the financial regulator. The firms which have agreed to this action account for 80% of the GAP market. THE FCA intervened amid concern that consumers are not getting value for money.…

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GAP insurance

Firms to recommence GAP insurance sales following FCA action

FCA clamps down on GAP insurance providers

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