- Responsible investment statement
- Modern slavery statement
- IFPR Disclosures
- FIL Life Solvency and Financial Condition Report December 2023
- FIL Life Solvency and Financial Condition Report December 2022
- FIL Life Solvency and Financial Condition Report December 2021
- FIL Life Solvency and Financial Condition Report December 2020
- FIL Life Solvency and Financial Condition Report June 2020
- FIL Life Solvency and Financial Condition Report 2019
- FIL Life Solvency and Financial Condition Report 2018
- FIL Life Solvency and Financial Condition Report 2017
- FIL Life Solvency and Financial Condition Report 2016
Regulators and Regulatory Disclosures
About the Financial Conduct Authority
Financial markets need to be honest, fair and effective so that consumers get a fair deal. The FCA aim to make markets work well for individuals and for business. They do this by regulating the conduct of around 51,000 businesses (as at 2021).
The FCA’s operational objectives are to:
- protect consumers – to secure an appropriate degree of protection for consumers
- protect financial markets – to protect and enhance the integrity of the UK financial system
- promote competition – to promote effective competition in the interests of consumers
The FCA is an independent public body funded entirely by the firms they regulate, by charging them fees. They are accountable to the Treasury, which is responsible for the UK’s financial system, and to Parliament.
Their work and purpose is defined by the Financial Services and Markets Act 2000 (FSMA). They work with consumer groups, trade associations and professional bodies, domestic regulators, EU legislators and a wide range of other stakeholders. With this extensive remit, they use a proportionate approach to regulation, prioritising the areas and firms that pose a higher risk to their objectives.
You can visit the Financial Conduct Authority website at http://www.fca.org.uk/ or telephone the Financial Conduct Authority Consumer Help Line on 0800 111 6768 to check the registration for our companies.
About the Prudential Regulation Authority
The Prudential Regulation Authority (PRA) is the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms and is part of the Bank of England. It is responsible for the prudential regulation for banks, credit unions and insurers. The PRA role is defined in terms of three statutory objectives:
- To promote the safety and soundness of financial firms and,
- Specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders.
- A secondary objective to facilitate effective competition
FIL Pensions Management (FCA reference number 144345) is authorised and regulated by the Financial Conduct Authority and FIL Life Insurance Ltd (PRA/FCA registered number 186526) authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Authorisation can be verified via the FCA Register at http://www.fca.org.uk/.