FCA: Market study into the distribution of pure protection products to retail customers
FCA has published ToR for this market study. The study will examine whether: the structure of commission encourages advisers to suggest switching that may not be beneficial for consumers; premiums are being raised by insurers to pay a higher commission to an intermediary; the products provide fair value, the market supports innovation and growth It will focus primarily on term assurance, critical illness cover, income protection insurance and whole of life insurance. Initial findings and any proposed next steps will be published by the end of 2025.
Last updated · 13 Mar 2026
Regulatory News - Insurance
See allFCA: Board minutes
FCA has now published the minutes of its 29 January 2026 board meeting. It is stated that “the Board observed the positive outcomes achieved by driving change through outcomes-focused supervisory activity rather than relying solely on rules”.
For more information
HMT: Market Engagement Group
HMT has published the ToR for a senior‑level forum for financial market participants to share their views on UK-related developments in financial markets and broader market themes with Rachel Reeves.
FCA: Regulatory priorities - pensions
FCA’s first annual regulatory priorities report for the pensions sector sets out its priorities for the coming year: ensuring well-run schemes that provide value for money to savers; encouraging effective support for consumers; supporting growth and innovation, and modernising pensions and long-term savings. The report also notes other areas of focus. FCA has included an indicative timeline for specific workstreams.
For more information