Drivers are set to benefit from fairer insurance prices as a review into the huge cost hikes gets underway by the UK finance regulator. The Financial Conduct Authority (FCA) has launched a comprehensive review of car insurance premium finance after growing concerns over rising prices and fair value for consumers. This move comes as part of a broader package of work in the insurance market, coinciding with the establishment of a Government motor insurance taskforce. The FCA’s review, known as a competition market study, aims to investigate whether individuals who borrow to pay for motor and hom…
