Protection Insurance Advice Process Manual


Insurance sales must comply with the Financial Conduct Authority (FCA).  From the 5th April 2024, the Insurance Distribution Directive (IDD) was repealed with the requirements being transferred into the FCA Handbook.  As such, our manual has been updated removing mention of the IDD but retaining the rules as required under the FCA.

This manual is designed to assist firms to deliver the objectives of the regulator.  It includes a step-by-step process of the advised procedure so that even someone that is new into the industry should be able to follow and grasp a good understanding of what is required of an Adviser.  This is to ensure that firms act honestly, fairly, professionally and in the best interests of the customer.

The manual has also been updated so that it meets the Consumer Duty requirements which affects all products and services sold or renewed from the 31st July 2023.  This includes ensuring products and services are fit for purpose, offer a fair value and that communications and customer support allow consumers to make and act on well-informed decisions.

FORMAT: All documents are downloadable via email upon receipt of payment.


WORD DOCUMENT – 21 PAGES – Updated with Consumer Duty requirements – April 2024


  1. Introduction
    1. General Guidance
  2. Advice & Sales Process
    1. Disclosure Document (DD)
    2. Fees and Commission Disclosure
    3. Privacy Notice
    4. Fact Find
    5. Existing Plans
    6. Affordability
    7. Suitability & Recommendation
    8. Research
    9. Product Disclosure
    10. Key Features Document – Protection Policies
    11. Insurance Product Information Document (IPID) – General Insurance
    12. Statement of Demands & Needs
    13. Cancellation Period
    14. Claims Process
    15. Re-broking Insurance
    16. Group Insurance Policies with Multiple Policyholders
    17. Product Disclosure on ‘Distance Contracts’
    18. Distance Contracts – Telephone
  3. Renewals and Mid-term Changes
    1. Mid-term Changes
  4. Record Keeping Requirements
  5. Product Governance Guidance for Distributing Insurance
    1. Price and Remuneration
    2. Management Information