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.…

Read more