SIC 65.11 280 enterprises in the UK
Life insurance
What this covers (6 activity descriptions)
- Assurance company (life)
- Friendly society (not collecting society)
- Funeral Insurance
- Life assurance
- Provident fund (life)
- Underwriter (life insurance)
Guidance for this activity
Cyber security for financial services firms
FCA operational resilience requirements for cyber security, including the 31 March 2025 compliance deadline, SM&CR responsibilities for cyber risk, third-party outsourcing requirements, and preparing for DORA-style regulations.
Read guideAccess the Lloyd's of London insurance market
How to participate in the Lloyd's insurance market. Covers routes to market (managing agents, coverholders, brokers), capital requirements under Solvency UK, and FCA conduct rules including general insurance pricing practices.
Read guideFCA Consumer Duty: compliance requirements
How to implement the FCA Consumer Duty in your firm. Covers the four outcomes (products/services, price/value, consumer understanding, consumer support), cross-cutting rules, governance requirements, and practical implementation steps for delivering good outcomes to retail customers.
Read guideUse FCA innovation services to test and launch fintech products
How to use the FCA's innovation support services including the Regulatory Sandbox, Digital Sandbox, and Innovation Pathways. For fintech firms developing new financial products who need regulatory guidance or want to test with customers before full authorisation.
Read guideGet FCA authorisation for financial services
How to apply for Financial Conduct Authority authorisation to carry on regulated financial activities. Covers the application process, fees, capital requirements, and ongoing compliance obligations including Consumer Duty.
Read guidePrepare for Buy Now Pay Later regulation
How Buy Now Pay Later providers should prepare for FCA regulation. Covers the current exemption under Article 60F(2), expected 2025-2026 legislative changes, and what authorisation requirements may involve.
Read guideUnderstanding UK consumer credit regulation
What consumer credit regulation is, why it exists, and who it applies to. Covers the relationship between the Consumer Credit Act 1974, the Financial Services and Markets Act 2000, and the FCA's CONC sourcebook, including when FCA authorisation is required and when exemptions apply.
Read guideMeet pre-contract disclosure requirements for credit
How to provide the required pre-contract information to borrowers before entering a consumer credit agreement. Covers the SECCI form, adequate explanations duty, creditworthiness assessments, APR disclosure, and agreement execution requirements.
Read guideUnderstand how the Consumer Duty applies to credit products
How the FCA Consumer Duty applies to consumer credit providers, brokers, and debt collectors. Explains the four outcomes for credit products, the annual board report requirement, how the Duty interacts with existing CONC rules, and current FCA supervisory priorities.
Read guideConduct and document affordability assessments for consumer credit
How to conduct, evidence, and document affordability assessments when lending to consumers. Covers the distinction between creditworthiness and affordability, income verification, expenditure analysis, proportionality, vulnerable customers, and the Consumer Duty overlay for credit products.
Read guideComply with debt collection rules
How to collect consumer debts compliantly under FCA rules. Covers CONC 7 requirements for arrears and default handling, forbearance obligations for customers in financial difficulty, default notice requirements, communication standards, vulnerable customer identification, and enforcement restrictions for improperly executed agreements.
Read guideFCA authorisation for insurance brokers
How to get FCA authorisation as an insurance intermediary. Covers Insurance Distribution Directive requirements, permission types, professional indemnity insurance, capital requirements, and Appointed Representative arrangements.
Read guideHandle consumer credit complaints and the Financial Ombudsman
How to set up internal complaints handling for consumer credit, meet the 8-week resolution deadline, issue final response letters, and prepare for Financial Ombudsman Service (FOS) referrals. Covers FOS jurisdiction, award limits, case fees, common credit complaint categories, and root cause analysis requirements.
Read guideMeet FCA threshold conditions for authorisation
Understand and demonstrate compliance with the five statutory threshold conditions required for FCA authorisation under Schedule 6 of FSMA 2000. Covers location of offices, effective supervision, appropriate resources, suitability, and business model requirements.
Read guideRunning a crowdfunding or P2P lending platform
How to get FCA authorisation to operate a loan-based (P2P) or investment-based crowdfunding platform. Covers capital requirements, investor restrictions, client money rules, and wind-down arrangements.
Read guideSection 75 claims and connected lender liability
What Section 75 of the Consumer Credit Act 1974 means for lenders, card issuers, and retailers. Explains how connected lender liability works, the GBP 100 to GBP 30,000 threshold, which agreements qualify, what does not apply, how claims work in practice, and the difference from voluntary chargeback.
Read guideComply with high-cost short-term credit rules
Additional compliance requirements for firms providing high-cost short-term credit (HCSTC), including the price cap regime, enhanced affordability assessments, mandatory risk warnings, repeat borrowing interventions, and persistent debt rules for credit cards.
Read guideConsumer credit compliance checklist
Annual compliance checklist for consumer credit firms covering FCA permissions, CONC requirements, advertising, pre-contract obligations, Consumer Duty, complaints handling, and regulatory reporting.
Read guideComply with credit broking rules
How to comply with FCA credit broking requirements. Covers who counts as a credit broker, the difference between full and limited permission, exemptions that may apply, initial disclosure obligations, fee transparency, and commission disclosure rules.
Read guideHire purchase and conditional sale agreements
How hire purchase and conditional sale agreements work under UK consumer credit law. Covers title retention, the one-third rule for protected goods, voluntary termination rights, pre-contract requirements, early settlement, and the FCA motor finance review.
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