Insurance Distribution Directive roundtable: Implications for HR and compensation and benefits

The FCA will implement remuneration rules for Insurance Distribution Directive (IDD) firms (broadly insurance firms, reinsurance firms and insurance intermediaries) from 23 February 2018. This will mean that firms subject to the IDD will be covered by conduct rules in respect of remuneration from the 2018 Performance Year which broadly mirror those that apply to MiFID firms. This will have a significant impact on HR and compensation and benefits policies and procedures including:

  • conflict of interest policies
  • remuneration policies and practices (and related reports and disclosures)
  • bonus deferral arrangement
  • performance assessment
  • knowledge and competence training, assessment and record keeping, and
  • senior management oversight and overlap with the Insurance Senior Manager’s and Certification Regime.

We will be hosting a roundtable breakfast meeting on Wednesday 08 November from 08:30-10:30 at our London office. This is a chance for industry peers to discuss some of the key challenges clients face in relation to HR, compensation and benefit aspects of the IDD.

To confirm your attendance at the roundtable breakfast meeting please email Jennifer Stanton or call on +44(0) 20 7825 3290.

We are also hosting a 30 minute webinar on this subject on 01 November 2017. For more information on what will be discussed and how to sign up, click here.

Event contact

Jennifer Stanton
Secretary/ BD Assistant

T +44 20 7825 3290 or
E jennifer.stanton@simmons-simmons.com