Geoffrey Maddock

Herbert Smith Freehills Kramer LLP are most popular: within Transport, Antitrust/Competition Law and Employment and HR topic(s) With the PRA having just announced its supervisory priorities for 2026, it is timely to give an overview of the evolving regulatory landscape for the UK insurance sector.

The FCA's recent proposals for the introduction of "targeted support" are part of its continuing efforts to enable consumers to make more informed decisions about their pensions and investments. The goal is to close the "advice gap" so that more people get the help they need to make better choices for their long-term financial health.

The Labour Government has laid out an ambitious plan for the insurance industry as part of its broader financial services strategy. In her first Mansion House speech, Rachel Reeves identified the insurance and reinsurance sector as one of five "priority growth opportunities" for the government and a key focus of its Financial Services Growth & Competitiveness Strategy, which will be released this spring.