Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The presentation, however, suggested it is still carrying out further analysis and so on. Let us be clear on the interim report before us. The next steps will be consultation on the proposals the FCA has outlined, which include banning dual pricing and automatically switching customers onto the best-priced policy. Those are the next steps. The FCA has come up with a suite of recommendations and it is now engaging with the industry and consumers on which one is the best. It has carried out all of the necessary evaluation of the impact on customers and vulnerable consumers and on the prevalence of the practice. It has completed work which the Central Bank of Ireland has not even begun. The FCA is now looking at feedback on its recommendations.