This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK life insurance market probed by City watchdog

( August 28, 2024, 08:48 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has opened a probe into Britain's life insurance market, following concerns that consumers aren't being provided with fair-value products. The FCA said it would conduct a study into the selling of pure-protection insurance, which is designed to help individuals and their families with their finances when the policyholder dies, or becomes unable to meet financial commitments. The study begin later this year or in early 2025. “Consumers should be able to buy products which meet their needs and provide fair value. We have seen indications that this may not be the case across the pure-protection market,” said Sheldon Mills, the FCA's executive director of consumers and competition.Statement follows....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections