FCA Finalizes Rules For Insurance 'Loyalty Penalty' Ban

Law360, London (May 28, 2021, 11:28 AM BST) -- Britain's financial watchdog has issued final confirmation that it will introduce a ban from the start of next year on what it calls the insurance "loyalty penalty," which it believes will save consumers £4.2 billion ($6 billion) over the next decade.

The City watchdog has finalized plans to ban from Jan. 1 the insurance "loyalty penalty" so that home and motor insurers will no longer be able to charge long-term policyholders more than they offer to new clients. (Getty Images) The Financial Conduct Authority said that, from Jan. 1, home and motor insurers will no longer be able to charge long-term...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!