Insurance news in 2026
5 stories, newest first.
- October 2026
Financial Services Regulation Committee publishes report on home and travel insurance regulation
The House of Lords Financial Services Regulation Committee has published a report on how the Financial Conduct Authority regulates consumer home and travel insurance, calling for clearer timetables and better claims data.
Which? research finds monthly car insurance customers face interest rates up to 53%
Which? mystery shopping of 30 motor insurers found some charging up to 53 per cent interest to customers paying monthly, adding as much as £367.75 a year to cover, and it wants a ban.
- June 2026
FCA updates ICOBS 5.3 guidance on advised insurance sales
The Financial Conduct Authority has added new handbook guidance on advised insurance sales, covering suitability across packaged policies and pure protection contracts, effective from 26 June 2026.
- May 2026
Government publishes FOS review consultation outcome with package of proposed reforms
The government has published the outcome of its review of the Financial Ombudsman Service, proposing a 10-year complaint time limit, an adapted Fair and Reasonable test and new FCA referral duties.
Government publishes FOS consultation response and final reform plans
The government has confirmed final plans to reform the Financial Ombudsman Service, including a 10-year complaint time limit and a narrower Fair and Reasonable test, and will not make it an FCA subsidiary.