Blog

In December 2025, the FCA published Consultation Paper CP25/37, setting out targeted proposals to simplify elements of the product governance framework for insurance and funeral plan providers. While framed as simplification, the proposals reinforce that expectations around value, oversight and customer outcomes under the Consumer Duty remain firmly in place.

The December 2025 Regulatory Initiatives Grid sets out a demanding regulatory agenda for UK insurers over the next two years. From Solvency II reporting and liquidity reforms to Consumer Duty simplification, stress testing and a new captive insurance regime, firms now have a clear window to assess priorities, Board MI and forward compliance planning.

The FCA has finalised a series of rule simplifications for insurers and intermediaries, offering new flexibilities across product governance, CPD, EL reporting and commercial client classification. But with greater freedom comes greater emphasis on judgement, documentation and Consumer Duty outcomes. Discover what’s changed, what hasn’t, and how firms can adopt the new model with confidence.

HM Treasury’s new Financial Inclusion Strategy sets clear expectations for insurers to improve access, affordability, and support for vulnerable customers. This blog outlines what the sector should prioritise as financial inclusion becomes a growing regulatory and political focus.

The upcoming UK–Switzerland Berne Financial Services Agreement (BFSA) opens new doors for UK insurers and brokers, enabling cross-border access to the Swiss market without a local licence. But with opportunity comes obligation. Here’s what firms need to know and how to prepare before the 2026 implementation.

The Bank of England, PRA and FCA have outlined what “good” looks like in cyber response and recovery. Their latest paper highlights how leading firms are preparing for severe cyber incidents and what others can do to strengthen resilience.

The FCA’s proposed Motor Finance Consumer Redress Scheme (CP25/27) could see up to £8.2 billion repaid to customers, but its implications go far beyond motor finance. For insurance firms, it’s a sharp reminder that transparency, fair value, and governance under Consumer Duty must be watertight.

The FCA is clear: only complete, well-evidenced applications will pass its strengthened gateway. Its latest review highlights good and poor practice across firm authorisations, SMF approvals, and controller applications, giving firms a clear benchmark. Poor submissions risk rejection, scrutiny, and leadership accountability.

This article breaks down the FCA’s findings, common pitfalls, and practical steps to prepare regulator-ready submissions.

The FCA has made oversight of Appointed Representatives a strategic priority — and firms are under the microscope. We unpack the regulator’s latest multi-firm review, the risks for principal firms, and the steps you should take now to stay ahead of scrutiny.