Analysis

October deadline for FCA GI pricing changes is ‘a rude awakening’ for brokers

By Trevor Hemsley 2021-09-06T09:27:00

alarm clock (2)

The first batch of changes from the FCA’s pricing reforms are coming into effect at the end of this month, but industry commentators fear brokers won’t be ready

Although brokers and insurers still have until the end of this year to fully implement the most publicised aspects of the FCA’s pricing reforms for the motor and home insurance markets, other areas of compliance relating to the regulator’s changes have a tighter timetable. Are brokers ready to launch the new regulations?

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