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The Association of British Insurers (ABI) backs FSA comparison sites clampdown

The guidance also states that consumers may be being misled about the services that they are receiving from the sites.

ABI director of general insurance and health Nick Starling said: "We welcome this step by the FSA. We have long had concerns about the potential for customer detriment when using comparison websites and have called for a thorough review by the FSA for some years. Our concerns led us to work with some comparison websites to develop voluntary good practice guidance in 2009. We very much hope that the FSA's intervention will lead to all comparison websites complying with this code.

"Comparison websites are becoming increasingly active in commercial, life and protection insurances and it is important that customers shopping for these products are also protected by the FSA guidance."

 

Richard Anthony Oakes, Sharon Linda Oakes & Ashley Burton trading as Oakes Insurance Consultants are
authorised and regulated by the Financial Services Authority. Number 307170

Registered office: Oakes House, Derby Road, Long Eaton, Nottingham NG10 1PD