FCA lays out Consumer Duty expectations for protection industry

Implementation expectations laid out in advance of the 31 July deadline

John Brazier
clock • 3 min read

The Financial Conduct Authority (FCA) has written to protection market participants setting out its expectations on how firms should implement the new guidelines and its supervisory strategy.

The regulator's latest communication to the protection industry, issued alongside similar letters to other financial services markets, marks an effort to "help them implement and embed the duty effectively." Within its letter addressed to firms engaged in life insurance including pure protection products, the FCA stated it expects the duty to be a "top priority for you personally" and that the guidelines will enable the sector to be "fit for a digital future" in which customer's diverse and changing needs can be met. Consumer Duty is described by the regulator in its communication as ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Protection

FCA Pure Protection Market Study interim report delayed to 2026

FCA Pure Protection Market Study interim report delayed to 2026

Quantitative Outputs published

Cameron Roberts
clock 12 December 2025 • 4 min read
FCA to simplify insurance rules to 'support growth and innovation'

FCA to simplify insurance rules to 'support growth and innovation'

Further reviews waiting in the wings

Cameron Roberts
clock 09 December 2025 • 2 min read
Budget 25: The protection and health headlines

Budget 25: The protection and health headlines

NHS, welfare reform, NI, economic inactivity and more

Cameron Roberts
clock 27 November 2025 • 2 min read