Financial Conduct Authority

Three quarters held cover through employee benefits

Charges to be split into component parts: advice, fund, and product

“These behaviours diminish confidence in insurance”

Publication of multi-firm review highlights areas for improvements

Principals have ended relationships with over 1300 ARs

The regulators aim to highlight non-financial misconduct

To support Consumer Duty outcomes

Latest ‘Dear CEO’ letter lays out regulatory concerns

Approvals for unregulated firms

Topics covered include exit planning, recruitment and scalability