FCA anticipates 'significant issues' with life insurance closed books

John Brazier
clock • 2 min read

The UK's Financial Conduct Authority (FCA) is expecting there to be "significant issues" with closed books among life insurance providers under the incoming Consumer Duty, reports International Investment's sister brand Cover.  Speaking at the Association of British Insurers' (ABI) annual conference on 21 February, Matt Brewis, head of insurance at the FCA, highlighted two key areas the regulator is currently focusing on in the run-up to the Consumer Duty's implementation. Brewis said the FCA anticipates there will be "significant issues" for life insurance providers with large volume...

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