FCA extends measures to help insurance customers under Covid-19 financial strain
The temporary rules and guidance will now be in place until 31 October, while the FCA notes it is looking at making aspects of the measures permanent.
The Financial Conduct Authority (FCA) has extended measures to help protect customers under financial strain due to the pandemic until 31 October.
The regulator published its new rules and guidance, which apply to insurance and premium finance firms, on 11 August.
The measures were first implemented on 18 May and the regulator said on 24 July that it was seeking comments on proposals to extend this guidance.
The temporary measures require firms to consider what options they can provide to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
People Moves: 17 – 21 March 2025
Stay in the loop with the latest insurance personnel moves.
Gallagher promotes Smith to broking and placement MD
Gallagher has promoted Stephen Smith to managing director of broking and placement for its UK & Ireland retail division.
Howden buys Scottish broker
Howden Scotland has bought Edinburgh-based SKB Independent Insurance Brokers.
Biba announces Anthony Joshua keynote session at conference
The British Insurance Brokers’ Association has announced a keynote session with former heavyweight boxing world champion Anthony Joshua on the second day of its upcoming conference.
Meet the MGA: Aspect
Following its recent brand refresh Oli Williamson, co-founder and chief underwriter, explains how Aspect is seeking to expand its core mid-corporate market offering into new areas such as terrorism and cyber – with an eye very much on how it can leverage technology to improve decision-making.
Which? calls out ongoing “hefty” premium finance charges
Consumer champions Which? have branded premium finance rates currently being charged by many insurers as “difficult to justify”, especially with car insurance where it found a third of rates are above 25%.
Zurich targets £250m of GWP after extending relationship with MGA
Zurich UK has extended its capacity agreement with Plum Underwriting for a further five years, with ambitions to reach £250m GWP over the term.
Jensten launches new network
Jensten Group has launched a new broker network.