Financial Conduct Authority urged to update 'non-essential travel' refund guidance - TravelMole


Financial Conduct Authority urged to update ‘non-essential travel’ refund guidance

Wednesday, 07 Aug, 2020 0

The Financial Conduct Authority (FCA) is being urged to update guidance for people who want to cancel packages to destinations where the government advises against all-but-essential travel.

AITO, the Specialist Travel Association, has written to the FCA asking it to suggest customers may be able to claim back cancellation charges from their insurance company, rather than wait for their tour operator to cancel the holiday.

The association said the advice is necessary because tour operators are unlikely to cancel the holiday immediately after the FCO updates its advice to ‘all but essential travel’, because they feel the advice will change and the destination will be deemed ‘safe’, meaning the holiday can go ahead.

AITO Chair Chris Rowles said: "We seek urgent amendments to the FCA’s currently incorrect advice – on its website and as explained to helpline callers.  The rules are complex, but government bodies such as the FCA simply have to get things right.

"With FCO travel advice changing frequently and without warning, as we have just seen for Spain, the regulators must take care to communicate clearly to consumers how they are affected and the steps that they can take."

AITO Director Noel Josephides added: "We want the FCA to give a more flexible reply and not to advise people to assume that the tour operator is going to cancel because of the change in FCO advice against non-essential travel.

"The tour operator can wait to the last minute to cancel the holiday, but customers who decide they want to cancel may well be able to claim cancellation fees through their insurance company.

"Tour operators are shouldering all of the burden, while some customers could get their money back quicker if they have a policy that covers against cancellations due to FCO advice."

Josephides acknowledged not all insurance companies would offer such cover, but insisted some policies sold by tour operators do, such as insurance provider Campbell Irvine.

 

 



 

profileimage

Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.



Most Read

Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail

Sophia Hyder Hock on Global Social Inclusion in Tourism

Sustainable Tourism: Don Welsh on Community Values and Global Collaboration

Jane Cunningham: Enhancing European Engagement in Tourism

Kristin Dunne: Navigating Destination Strategy

Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM

Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life

Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms

Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand

Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims

TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka

Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari