Martin Lewis is warning of a “monumental shake-up” across the insurance sector next year which will affect every household and motorist across the UK.
Explaining the change in the latest MoneySavingExpert.com newsletter, the consumer champion wrote: “On 1 January 2022, regulator the Financial Conduct Authority brings in new insurance rules.
They primarily apply to vehicle insurance (car, motorbike, van) and home insurance (buildings and contents), but it's a monumental shake-up - the biggest I remember.” The financial guru said the reason for the change is to end price walking - where customers who renew their insurance policy every year are penalised by seeing their prices put up while new customers get the best deals.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.