FCA will act on unfair pricing

The Financial Conduct Authority has said it will act to protect all consumers affected by price discrimination in the financial services market and not just those deemed to be vulnerable. But the financial regulator admitted it would be “more likely” to intervene if price discrimination in the industry resulted in harm to vulnerable customers. The City-watchdog published a feedback statement on fair pricing in financial services, following a discussion paper last year which called for input on the issue of pricing discrimination in the market.

Source: Financial Times Adviser
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