Insurance and pension funding is among the most heavily regulated territories a business can enter: insurers and reinsurers are dual-regulated by the PRA and FCA, while occupational pension schemes follow The Pensions Regulator's regime. This path takes you through it in order: work out which regime applies, put the shared duties in place, then follow the guides for what you operate, and finish by checking you have covered everything.
Step 3 — Follow the rules for what you operate
Insurers and reinsurers work through both insurer guides — the prudential and conduct regimes run in parallel. Pension scheme operators follow the occupational scheme guide.