FCA allows firms to restart GAP insurance sales

Following the pause in GAP insurance sales implemented earlier this year, the FCA has permitted several firms to recommence their sales of GAP.

The firms permitted to resume sales of GAP insurance have materially lowered the levels of commission paid out to those selling GAP, improving value for customers.

Other firms wishing to restart their sales need to demonstrate to the FCA that their GAP products provide fair value to customers.

Lucy Hadrill