Briefing summarising the FCA implementation of the Insurance Distribution Directive including professionalism requirements.
- The Insurance Distribution Directive (IDD) is revision of the Insurance Mediation Directive (IMD), which was introduced by the FSA in 2005. It will come into force in October 2018.
- The IDD introduces a new requirement for those staff that sell, advise on and transact insurance contracts for all types of insurance customers.
- Of particular importance is the requirement for all people within this scope to complete at least 15 hours of continuing professional development per year.
- The FCA and HM Treasury have begun consulting on implementing the IDD in time for the in force date.
View the attached briefing »