AMI welcomes insurer changes following FCA guidelines

'Insurers need to be clear on how they deal with broker commission'

Adam Saville
clock • 2 min read

On 14 May, the FCA confirmed guidance to helping customers who may be facing financial difficulties

The FCA guidance applies to general insurance and protection contracts and aligns the assistance available to options provided for other financial products, such as mortgages and unsecured loans. The Association of Mortgage Intermediaries (AMI) said it is supportive of insurers who allow customers to pay back deferred payments over a period of months. "The ability to stagger repayments rather than in one lump sum may encourage the customer to keep their cover in force, instead of cancelling a direct debit," said an AMI statement. "This ensures that cover such as protection continues unin...

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: Pure Protection Market Study does "not give a clean bill of health" to industry

FCA: Pure Protection Market Study does "not give a clean bill of health" to industry

Firms still need to demonstrate fair value

Jaskeet Briah
clock 10 November 2026 • 2 min read
Budget 26: Protection and health reacts

Budget 26: Protection and health reacts

A missed opportunity

Cameron Roberts
clock 28 October 2026 • 5 min read
IPT receipts hit £4.53bn in H1 2026/27

IPT receipts hit £4.53bn in H1 2026/27

Down £11m year-on-year

Jaskeet Briah
clock 21 October 2026 • 2 min read