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Unwanted insurance policy add-ons banned by FCA
FCA says customers tricked into buying products they do not want or need..
Sneaky tactics used by airlines, banks and insurance companies to trick millions of customers into buying extra insurance could soon be outlawed.
The City watchdog has said it wants to ban companies from ‘opt out’ selling – where customers have to untick a box in the small print if they want to avoid buying an add-on insurance policy.
In a damning report, the Financial Conduct Authority said many customers are being tricked into buying products they do not want or need.