FCA: Protection commission ban is potential 'extreme' market study outcome

FCA: 'We're going into this with an open mind'

Jaskeet Briah
clock • 3 min read

The Financial Conduct Authority (FCA) has said that the banning of commission is “one real extreme” of the range of potential outcomes of the regulator’s Pure Protection Market Study.

Speaking at the COVER Summit North conference today (27 March, 2025), FCA Pure Protection Market Study manager Matthew Ward told delegates that there are no predetermined outcomes of the study. "We're going into this with an open mind and we're going by the evidence and what that tells us. We know commissions are hugely important, a primary revenue for intermediaries and a critical part of insurers' distribution strategies," Ward said. "Given we've done it in the past, with the example of the Retail Distribution Review, I didn't want to not address that or ignore that possibility." ...

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

Budget 26: The protection and health impact

Budget 26: The protection and health impact

Protection industry reflects on missed opportunities

Cameron Roberts
clock 30 October 2026 • 5 min read
Is failing to protect a client's income an oversight or neglect?

Is failing to protect a client's income an oversight or neglect?

What happens to your financial plan if your ability to earn reduces or stops?

Kevin Carr
clock 29 October 2026 • 3 min read
Why the protection gap is a problem of reach

Why the protection gap is a problem of reach

'Most people I meet have never had protection properly explained to them'

Cherian Skariah
clock 16 October 2026 • 4 min read