MGAA Mills and Reeve Market Briefing - Appointed Representatives

The FCA has long-held concerns over the operation of the current appointed representative regime and whether it provides good outcomes for customers. This session provides an overview of these issues, as experienced by those within the insurance distribution chain and considers how best to navigate them, including:

What are Appointed Representatives?
Why is the FCA concerned?
What changes were introduced in December 2022?
Common issues encountered and how to approach them:
Contractual rights
Regulatory angles
What next?
Learning Objectives
At the end of this session, delegates will be able to:

Describe the appointed representatives regime and the relevant regulatory considerations
Outline the FCA’s concerns about the appointed representatives regime and the measures it has put in place to address them
List specific issues relevant to MGAs
Summarise the FCA’s current views and options for future reform