UK's FCA allows firms to resume selling GAP insurance after ensuring fair value for customers.
The UK's Financial Conduct Authority (FCA) has allowed several firms to resume selling Guaranteed Asset Protection (GAP) insurance after ensuring their products meet fair value criteria for customers. Following FCA action, firms have reduced sales commission, improving value for customers. The FCA will continue to monitor the remaining firms and their proposals to improve value for customers.
May 24, 2024
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