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

Closing the protection gap will require advisers to think differently

Closing the protection gap will require advisers to think differently

“We won't close it through the actions of one adviser, one firm or one network”

Toni Smith
clock 30 September 2026 • 4 min read
Triple lock to change in 2030: Burnham

Triple lock to change in 2030: Burnham

PM said state pension to ‘rise at least by prices [inflation] or 2.5%’

Isabel Baxter
clock 29 September 2026 • 3 min read
Burnham to propose social care plans at general election

Burnham to propose social care plans at general election

Aims to be preventative

Jaskeet Briah
clock 28 September 2026 • 2 min read