What is the Finance & Leasing Association?

The Finance & Leasing Association (FLA) is the major UK representative body for the UK finance and leasing industry. They set out standards of good practice for the finance and leasing industry and assure all who obtain finance from full members of their organisation that they are doing business with reputable organisations.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Why are the insurance prices on the Internet so low?
The Internet is undoubtedly the cheapest marketplace to buy insurance. There are two main reasons: -
If my premium is “Rated”, what does that mean?
If your premium is “Rated” it means that the insurance company will only agree to insure you if you pay a higher premium than the one they originally quoted. This happens because, following receipt of your Application and any follow-up information they required, the insurance company believes you to represent an above average risk. (In extreme situations they will simply decline to insure you.)
Will your Mortgage Lender charge a fee if you buy your Life Insurance from someone else?
No! By law mortgage lenders are not allowed to charge a fee if you buy elsewhere.
Is a medical absolutely necessary?
No. Most people do not require a medical. Normally an insurer will only ask for a medical if you have existing health issues that cannot be resolved by a report from your GP or if you have applied for an especially high sum of insurance.
Information about The Financial Services Authority
Who is the Financial Services Authority? (FSA)
They have a range of commitments that ensure best practice for members and consequently, a good service for customers:

  • Act fairly, reasonably and responsibly in all their dealings with you;
  • Ensure that all services and products comply with this Code, relevant laws and regulations;
  • Not discriminate between consumers on grounds of race, gender, disability, ethnic origin or sexual preference;
  • Assist you when you are seeking information and/or guidance;
  • Act with integrity and try to ensure that credit brokers, and all other suppliers of goods and services with whom we do business, do likewise;
  • Respect confidential information provided by you;
  • Correct errors and handle complaints speedily;
  • Consider cases of financial difficulty sympathetically and positively;
  • Follow any Guidance Notes issued by the Association, where relevant;
  • Provide adequate training for our staff to ensure that the procedures they follow reflect the commitments set out in this Code;
  • Make copies of their Code freely and readily available to consumers.