In May 2025 the FCA published proposals aimed at simplifying the insurance rulebook, removing outdated or duplicated requirements and making the market more agile.
What’s changing and why it matters for protection policy buyers:
- Insurers and brokers may face fewer administrative burdens, which can lead to lower costs or faster decision-making.
- Product governance may become more flexible, giving insurers greater scope to innovate protection products that better reflect modern risks (for example, self-employment, gig economy, hybrid working).
- Although rules are simplified, consumer safeguards remain in place. The FCA has emphasised that simplification ≠ weakening of protection.
For you as an individual or business client this means: you may see better value, more choice and improved speed when arranging protection cover. At the same time, it’s still vital to have a broker you trust to guide you through what the changes mean in practice—for example, helping you secure the most suitable policy, not just the cheapest.