This report examines key regulatory updates in June for life insurance companies in the United Kingdom and Europe. We note items published by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

Key developments include:

• The FCA publishes Consultation Paper (CP) 26/17 (No. 52), which proposes changes to climate disclosure requirements for investment products.
• The FCA’s director of retail banking discusses later-life lending as a potential fourth pillar of retirement funding.
• The FCA publishes CP26/20, “Adapting our rules for a changing market: Self-invested personal pensions.”
• The FCA publishes CP26/22, "Simplifying the insurance rules."
• The PRA publishes its annual report for 2025/26.

Download the full report (PDF).