FCA tweaks suitability rules on offshore life insurance bonds


The Financial Conduct Authority (FCA) is planning to update its rules for retail clients advised to buy offshore life insurance bonds, affording them greater protection.

The proposed change would mean a UK investment manager running the bond's underlying assets would be liable for the suitability of any advice it gives to the client. Currently, a client who deal...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on TCF

Advice firm named in default by FSCS

Advice firm named in default by FSCS

Three SIPP investment claims

clock 18 August 2022 • 1 min read
VouchedFor reveals top five Consumer Duty 'gaps'

VouchedFor reveals top five Consumer Duty 'gaps'

250,000 clients’ feedback

clock 11 August 2022 • 3 min read
The main risk warning rules come into force on 1 December 2022, with the remainder landing on 1 February 2023.

FCA signals increased scrutiny of alternative firms with retail clients ahead of new rules

New risk warning rules due in December

clock 10 August 2022 • 2 min read