The UK Financial Conduct Authority (FCA) is considering a ban on automatic insurance price increases after it emerged that about six million loyal customers were being overcharged around £200 ($246) in premiums. The regulator said the market "is not working well for all consumers". Other remedies could include forcing firms to find customers' cheaper deals. In an interview with BBC Radio 4's Today programme, Mr Cameron said: "I think we have got to do something about this because it's unfair
The UK Financial Conduct Authority (FCA) is considering a ban on automatic insurance price increases after it emerged that about six million loyal customers were being overcharged around £200 ($246) in premiums. The regulator said the market "is not working well for all consumers". Other remedies could include forcing firms to find customers' cheaper deals. The FCA is set to publish a final report early next year.