online

Brexit, offshore products and FSCS protection

While the UK remains in the EU, the UK based clients of life insurers based in other EU countries and which are authorised to operate in the UK (for example, offshore bond providers) benefit from the same FSCS protection as customers of UK based life insurers. Once the UK leaves the EU this protection may no longer be available.

Where you have clients with investment or insurance products issued from outside the UK but within the European Economic Area* you will need to identify whether there are any changes to consumer protection arrangements (in the event of the provider becoming insolvent) as a result of Brexit.

If you’re not a client, to read this content you must sign up or a free guest account

Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.

As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.

To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.