FTRC opens API access to protection data for product comparison

This will include portals, specialist financial adviser websites, aggregators and price comparison sites, and adviser practice management systems. The Insurance Distribution Directive (IDD), which came into effect on 1 October, requires all life insurance intermediaries to provide a suitability assessment as part of any comparison service. "Pure price-only comparisons no longer meet regulatory requirements - even for non-advised sales," said FTRC director Ian McKenna. "The IDD represents a significant enhancement to consumer protection so consumers are presented with more than just...