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FCA seeks views on how to help close protection gap
['Becky Bellamy']
Mortgage Strategy
The Financial Conduct Authority (FCA) has called on the insurance industry to help close the protection gap.
The FCA aims to help more consumers access products that support them and their families if they become critically ill or die.
The interim findings of its competition review of pure protection products found that, for those consumers that have taken out protection insurance, the market mostly works well.
The FCA wants to explore what more can be done, working with industry and other stakeholders, to better support consumers.
We will work with industry to reduce this gap, to help consumers navigate their financial lives.”The FCA welcomes feedback on its interim findings by 31 March 2026.