RegulationJun 19 2019

FCA urged to take action on loyalty penalties

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
FCA urged to take action on loyalty penalties

The Financial Conduct Authority has been urged to take "strong action" on firms levying the 'loyalty penalty' — the practice of overcharging loyal customers in comparison to new clients.

For unlimited access to FTAdviser content...

Register now for free

  • Read the latest news and views from the world of financial advice
  • Never miss a story - sign up to our email alerts
  • Bank CPD while you read
Have an account? Sign In