Müdd: Pressure on insurers and advisers to show ‘fair value’ of loaded premiums
The Financial Conduct Authority’s (FCA) failure to explicitly ban loaded premiums under its Consumer Duty means the pressure is on insurers and distributors to justify continuing the controversial practice, according to St James’ Place divisional director Tony Müdd. Müdd said the issue was “bordering on a stain on our industry” and argued that despite not
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