FG19/05: General insurance distribution chain: Finalised guidance for insurance product manufacturers and distributors

This finalised guidance sets out our expectations of insurance product manufacturers and distributors.

Show FG19/5 (PDF)

Show FG19/5: Summary of feedback (PDF)

During 2017 and 2018, we conducted diagnostic work on general insurance distribution chains. This found a number of harms to customers from failures in product design, oversight and distribution. We published the findings of this work in TR19/2.

Finalised Guidance

To provide clarity to firms about our expectations, in particular on the design and distribution of insurance products and the requirement to act in accordance with the customer’s best interests, we consulted on new non-Handbook guidance in GC19/2 in April 2019. We have made some revisions to the guidance following the feedback we received.

Who this applies to

This guidance is relevant to all firms conducting general insurance and protection business - both insurers and intermediaries. This includes firms such:

  • retail banks
  • mortgage intermediaries
  • independent financial advisors and
  • others who distribute general insurance and protection products alongside their primary business