Reference Case Number: FOI2026/00262
Freedom of Information: Right to know request:
In your premium finance update report (p5) you say:
"Around 60% of consumers pay headline APRs that are between 20 and 30%."
"Almost 20% of premium finance customers are paying APRs above 30%."
However, in your final report, the FCA does not provide updated figures for the proportion of consumers that are still paying APRs of the highest bracket (30% and above). This is despite confirming elsewhere that average APRs have changed since your interim report. Because of this, it is difficult to tell the scale of the problem.
I am writing therefore to request this data:
1. Since the interim report of June 2025, what proportion of customers are now paying APRs of between 20-30%.
2. Since the interim report of June 2025, what proportion of customers are now paying APRs of 30% and above.
3. If the FCA did not collect this information since its interim report, please state the reasons why.
4. Does the FCA's secondary competitiveness objective influence choices over what data to collect from the market and how this information is presented to the public?