ProtectX7: Consumer Duty will sharpen focus on humanity of protection

“Who gets a better price; the earnest or the downright dishonest?”

John Brazier
clock • 3 min read

The impending Consumer Duty will ensure that all protection industry participants are squarely focused on the humanity of consumers, as well as presenting the opportunity to address existing issues, according to Fairer Finance managing director, James Daley.

Taking part in Protection Review's ProtectX7 conference today (29 June), Daley highlighted how the new guidelines, due to come into force on 31 July, should ensure that existing pain points within the current consumer journey are addressed - particularly when it comes to consumers answering online application question sets. "The fact that most consumers don't understand our industry's jargon has been the worst kept secret of the last few decades," Daley said. "Everyone knew that their letters, policy documents and application journeys needed simplifying, but it has always been at the ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

The COVER Review: Consumer Duty changes, a new protection club and healthcare updates

The COVER Review: Consumer Duty changes, a new protection club and healthcare updates

Week commencing 29 September 2025

COVER
clock 03 October 2025 • 1 min read
FCA to streamline Consumer Duty requirements

FCA to streamline Consumer Duty requirements

Regulator to consult on changes to rules in H1 2026

Sahar Nazir
clock 01 October 2025 • 2 min read
Firms face challenges producing Consumer Duty board reports: CII

Firms face challenges producing Consumer Duty board reports: CII

Data is a key roadblock

Cameron Roberts
clock 26 September 2025 • 2 min read