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Insurers get finalized guidance on Covid-19 customer relief from UK's FCA

( August 11, 2020, 17:01 GMT | Official Statement) -- MLex Summary: Insurers should offer help until Oct. 31 to customers in temporary financial difficulty as a result of the Covid-19 pandemic, the UK's Financial Conduct Authority has confirmed in finalized guidance published today. After holding a consultation, the FCA has carried out its proposal to extend temporary measures implemented in May, including a payment deferral or premium reductions, for customers who hold insurance and premium finance products. The measures come into force today.The statement follows. The guidance document is attached....

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