Categories for Price Comparison sites

Price comparison sites criticised over failings

January 21, 2015 3:25 pm

Many sites fail regulatory standards by not providing enough details for consumers to make informed choices, says FCA. Price comparison websites are breaking regulatory rules by prioritising price over cover in many cases, said the City watchdog.   The Financial Conduct Authority looked at 14 price comparison websites, which between them account for 90% of the market, selling private motor, home and travel insurance and concluded that many were failing regulatory standards. The websites did not always provide clear information on basics such as the terms of the policy and the cover it provided, as well as the excess that...

Are price comparison sites savings what they seem?

February 21, 2014 3:07 pm

Tread with care when using price comparison sites to switch to a better deal on everything from energy to savings accounts. When getting a quote for an insurance policy some sites make assumptions about your situation, warns consumer group Which? These may be appropriate to your needs, but pay careful attention in case they do not apply to you. A spokesman says: “If your home has a thatched roof or if you live on a flood plain, you may have to provide the website with this specific information – and if you forget, or can’t find a way to do...