FCA eyes simplifying rules for advised sales of insurance products

To create a clearer boundary between advised and non-advised sales

Cameron Roberts
clock • 4 min read

The Financial Conduct Authority has launched its consultation for Simplifying Insurance Rules, including looking at the rules for advised sales of insurance products.

The consultation forms part of the regulator's aim to "streamline rules and reduce complexity for firms", according to a statement. It also comes alongside a consultation on the application of the Consumer Duty to businesses with non-UK customers. The consultation focuses on five key areas: Narrowing the scope of FCA rules for non-UK business Removing unnecessary disclosure requirements Increasing flexibility in means of disclosure Simplifying rules for advised sales of insurance products Amending rules for professional indemnity insurance (PII) Broadstone senior actuari...

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 Regulation

FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read
FOS partially upholds complaint against SJP for failing to provide annual reviews

FOS partially upholds complaint against SJP for failing to provide annual reviews

SJP failed to provide five annual reviews for client

Sophia Panayi
clock 23 September 2026 • 3 min read
FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

FCA: Simplified advice rules update imminent; MPS review outcome set for 2027

Regulator's Kate Tuckley gives update

Isabel Baxter
clock 08 September 2026 • 3 min read