Calls for FSA to regulate comparison sites gather pace

Secured Loan Services (SLS) has added its name to a growing campaign, started by the British Insurance Brokers’ Association (BIBA), to extend regulation to the popular online tools. SLS says the issue is not just an important one for the insurance sector, but also for the mortgages, loans and investments sectors. Currently, comparison sites offer a variety of operating procedures which are not overseen by the FSA. SLS says in recent years there has been a real focus on making sure consumers understand the products they are being sold, the price they are paying for them, and the level of...