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December 22, 2024

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Which? urges FCA to take action on premium finance following investigation

by D.William
















































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





Insurance Post


Red round act now neon button on white background. Vector stock illustration. - stock illustration Red round act now neon button on white background. Vector stock illustration

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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