{"id":18502,"date":"2015-05-11T17:25:47","date_gmt":"2015-05-11T10:25:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/direct-debit-option-increases-insurance-payments-fca-finds\/"},"modified":"2016-07-04T11:31:10","modified_gmt":"2016-07-04T04:31:10","slug":"direct-debit-option-increases-insurance-payments-fca-finds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/direct-debit-option-increases-insurance-payments-fca-finds\/","title":{"rendered":"Direct debit option increases insurance payments, FCA finds"},"content":{"rendered":"


\nConsumers are not told the higher cost of paying by instalments, the Financial Conduct Authority says, with some being charged interest of up to 75%Consumers who pay for car or home insurance in monthly instalments are being charged interest as high as 75%, according to the Financial Conduct Authority in a highly critical report on the \u00a318bn-a-year industry. Related: Want help with treatment costs? Get a health cash plan Continue reading…
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\nSource : theguardian.com
\nRead more…Direct debit option increases insurance payments, FCA finds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Consumers are not told the higher cost of paying by instalments, the Financial Conduct Authority...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18502","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4Oq","jetpack-related-posts":[{"id":130058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urges-insurers-to-treat-customers-fairly-amid-cost-of-living-squeeze\/","url_meta":{"origin":18502,"position":0},"title":"FCA urges insurers to treat customers fairly amid cost of living squeeze","date":"September 29, 2022","format":false,"excerpt":"\r Financial Conduct Authority asks chief executives to avoid selling unnecessary products and add-onsThe City watchdog has issued a warning to insurers to treat customers fairly after concerns that the cost of living squeeze may prompt households and businesses to cut back on insurance, leaving them without protection.The Financial Conduct\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37842,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-to-review-close-relationships-in-mortgage-market\/","url_meta":{"origin":18502,"position":1},"title":"FCA to review 'close relationships' in mortgage market","date":"December 12, 2016","format":false,"excerpt":"\r Sweeping study will look at ties between lenders, brokers, estate agents and price comparison websites to see if consumers are getting the best dealsBritain\u2019s financial watchdog has launched a review of the mortgage market that will probe the \u201cinducements\u201d routinely paid to brokers and other industry players, to see\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-three-uk-retirees-will-have-to-rely-solely-on-state-pension\/","url_meta":{"origin":18502,"position":2},"title":"One in three UK retirees will have to rely solely on state pension","date":"October 21, 2017","format":false,"excerpt":"\r Survey by Financial Conduct Authority finds those aged over 50 are most at risk of a bleak financial futureAbout 15 million people have no pension savings and face a bleak future in retirement, according to a major survey of Britain\u2019s personal finances published this week by the Financial Conduct\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-pressures-will-not-tip-uk-into-wave-of-repossessions-fca-says\/","url_meta":{"origin":18502,"position":3},"title":"Mortgage pressures will not tip UK into wave of repossessions, FCA says","date":"June 23, 2023","format":false,"excerpt":"\r After a meeting between Jeremy Hunt and bankers at No 10, Nikhil Rathi says there will be \u2018no repeat\u2019 of 2008Mounting mortgage pressures will not tip Britain into the tidal waves of repossessions witnessed in recent financial crises, the head of the City watchdog insisted after an emergency meeting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/extension-of-ppi-payback-period-small-comfort-for-customers-hit-by-mis-selling\/","url_meta":{"origin":18502,"position":4},"title":"Extension of PPI payback period small comfort for customers hit by mis-selling","date":"August 3, 2016","format":false,"excerpt":"\r FCA\u2019s decision to move time bar to 2019 still doesn\u2019t address merciless, industrial-scale scamming by banksOn the face of it, drawing a line under the payment protection insurance mis-selling scandal seems a reasonable idea. There can be few consumers unaware of the gigantic scam perpetrated by the big banks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/half-of-uk-adults-are-financially-vulnerable-city-watchdog-finds\/","url_meta":{"origin":18502,"position":5},"title":"Half of UK adults are financially vulnerable, City watchdog finds","date":"October 18, 2017","format":false,"excerpt":"\r FCA figures will increase concern among policymakers over how British households will cope with an interest rate riseHalf of the UK population are financially vulnerable, and one in six could not cope with a \u00a350 increase in monthly bills, according to a survey of Britain\u2019s personal finances by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18502"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18502"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}