What a market study means for protection

Interview with Mark Townsend, CEO, Reassured

Cameron Roberts
clock • 5 min read

Cameron Roberts, editor, COVER, speaks to Mark Townsend, CEO, Reassured, about how the Financial Conduct Authority’s (FCA’s) protection market study will impact the sector.

The announcement of the FCA's market study into protection served as the first time the regulator has turned its sights on our industry in many years. We have historically been looked at alongside general insurance (GI) and other regulated industries. The study has three main focus points: commission structures, product value and market competition. It will take place over the coming months, the FCA continues to speak to those in the value chain to understand how the industry is tackling these three challenges. Whilst the study was welcomed by much of the industry, with many highlight...

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

FCA opens simplified advice consultation

FCA opens simplified advice consultation

Follows targeted support work

Jen Frost
clock 26 March 2026 • 2 min read
FCA considers dropping suitability report requirement for life policies

FCA considers dropping suitability report requirement for life policies

Proposes moving from annual to periodic suitability reviews

Isabel Baxter
clock 26 March 2026 • 2 min read
Ouroboros: The product innovation problem

Ouroboros: The product innovation problem

Industry roundtable report

Cameron Roberts
clock 25 March 2026 • 9 min read