FCA to ban pre-ticked 'add-on' insurance sales

Watchdog finds consumers unwittingly purchase £100m worth unwanted insurance every yearThe pre-ticked selling of insurance “add-ons” – such as legal expenses cover added to home insurance and breakdown cover as part of a car insurance deal – is to be banned by the Financial Conduct Authority.The FCA found that about one in five people don’t even realise they are purchasing the insurance or the add-on cover because they are focused on buying the main product. It estimated that opt-out