FCA’s Mills commits to using all regulatory tools in flats insurance update

high rise flats

Sheldon Mills, executive director of consumers and competition at the Financial Conduct Authority, has promised to use all regulatory tools at the watchdog’s disposal in an update on progress for multi-occupancy buildings insurance.

In the letter to Michael Gove, secretary of state for levelling up, housing and communities, Mills highlighted the measures that had come into force on 31 December which for brokers meant being transparent on commission and a near ban on paying commissions to third parties.

“We have continued to engage with industry and review correspondence from consumers and we are not aware of significant issues arising with insurance firms’ implementation of these rules,” he confirmed in the letter dated 29

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: