Prudential Regulation Authority (PRA)
ThePRAis part of the Bank of England and has rules in place that mean companies like us must hold sufficient capital and have relevant risk controls in place. They pride themselves on promoting the safety and soundness of businesses while protecting policyholders too.
Financial Conduct Authority (FCA)
TheFCAregulates our business conduct in order to protect customers and financial markets. They monitor which firms or individuals are able to trade in financial markets, and make sure that they reach certain standards before doing business. The FCA has the power to impose penalties if businesses don’t meet these required standards, these penalties can range from imposing a fine to actually stopping a business from trading.
Getting a helping hand from the PRA and FCA helps us to make sure that our business is following the right guidelines and our customers are being treated fairly.Our website content is produced in collaboration with our advisory board too, which includes experts in insurance products, claims and compliance.
