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Exploring the second FCA consultation—implementation of the Insurance Distribution Directive

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Published on: 08 August 2017

Published by a LexisNexis Insurance & Reinsurance expert

Table of contents

Original news
Why is the FCA proposing these changes?
What is an ancillary insurance intermediary (AII)? How will the proposals change the current regime regarding AIIs such as motor vehicle dealers, travel agents and electrical goods retailers?
What is proposed in relation to life insurance business, regarding information provision requirements and additional requirements related to the distribution of insurance-based investment products (IBIPs)?
What are the changes regarding life and non-investment insurance business, that affect product oversight and governance, and professional and organisational requirements provisions?
What should lawyers advising in this area do next?

Article summary

Insurance analysis: The Financial Conduct Authority (FCA) has published its latest proposals setting out changes to the rules required to ensure compliance with the Insurance Distribution Directive. Jeremy Irving, partner at DWF, takes a closer look at what the FCA is proposing.

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