Regulation

Intends to introduce simpler, clearer and more tailored regime

Consultation opened on how the regulator will be funded for 2023/24

Guidance to help firms carry out Consumer Duty in a practical way

"Struggling families have little insight into what help might be available"

Reforms cut risk margin and overhaul eligibility rules for matching adjustments

Regulator has overcome ‘biggest stumbling blocks’ in rule implementation

Compulsory jurisdiction and voluntary jurisdiction set for overhaul

For insurers ahead of 2023 implementation

"Consumer Duty will fundamentally change how businesses operate"

First meeting in January 2023