REG - Mortgage Adv. Bureau - Pure Protection Market Study Update

Mortgage Advice Bureau (Holdings)Announcement

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RNS Number : 2775R  Mortgage Advice Bureau (Hldgs) PLC  02 February 2026

 

2 February 2026

Mortgage Advice Bureau (Holdings) plc

("MAB" or the "Group")

 

Pure Protection Market Study Update

 

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L), a leading
technology-driven UK mortgage network and broker, welcomes the publication
by the Financial Conduct Authority ("FCA") of its interim report into the
distribution of pure protection products to retail customers (the "Report").

 

The Report represents a positive development for MAB and reflects the
constructive and ongoing dialogue the Group has maintained with the FCA.

 

The FCA concludes that, in many respects, the distribution of pure protection
products is working well and delivering good consumer outcomes, supported by
high claims acceptance rates and low complaint levels. It also indicates that
it does not envisage significant market interventions.

 

In relation to pricing, the FCA observes that, on average, practices such as
"loaded premiums" or restricted panels are not creating worse pricing outcomes
for consumers. These findings align with MAB's long-standing approach to panel
governance and fair value, with our Consumer Duty Fair Value Assessment
providing a strong evidential foundation for continued investment in
high-quality protection advice and consumer outcomes.

 

MAB welcomes these findings and remains committed to maintaining the highest
standards of consumer outcomes and regulatory engagement, while continuing to
support the development of the protection market and the reduction of the
protection gap identified in the Report.

 

Peter Brodnicki, Founder and CEO, commented:

 

"The FCA's findings are a positive and reassuring outcome for the protection
market and for firms that have consistently focused on delivering good
consumer outcomes. Protection advice plays a critical role in supporting
financial resilience, and intermediaries are central to helping customers
access appropriate cover.

 

As discussed at our recent Capital Markets Update, protection is a strategic
growth priority for MAB. We are investing in dedicated capability alongside
our core mortgage proposition, and the FCA's recognition of the need to
address the protection gap reinforces the long-term opportunity in this
market. MAB is well-positioned to support customers while continuing to
operate to the highest regulatory standard.

 

Periods of regulatory uncertainty have created an overhang for the sector. The
FCA's continued emphasis on proportionate, outcomes-based regulation,
including its work on the Mortgage Rule Review, is therefore welcome. A clear
regulatory framework that balances consumer protection with sustainable growth
is critical to improving access, choice and advice for borrowers."

 

 

Enquiries:

 Mortgage Advice Bureau (Holdings) plc             Via Camarco
 Peter Brodnicki, Chief Executive Officer

 Emilie McCarthy, Chief Financial Officer            +44 (0) 20 7710 7600

 Nominated Adviser and Joint Broker

 Keefe, Bruyette & Woods, a Stifel Company

 Erik Anderson / Jason Grossman / Francis North

 Joint Broker

 Berenberg                                         +44 (0) 20 3207 7800

 James Felix / Michael Burke / Dan Gee-Summons

 Joint Broker

 Peel Hunt LLP                                     +44 (0) 20 7418 8900

 Andrew Buchanan / Thomas Philpott / Rob Parker

 Media Enquiries

 Camarco                                           mab@camarco.co.uk

 Tom Huddart / Letaba Rimell

 Investor Relations                                Investor.relations@mab.org.uk

About MAB:

MAB is one of the UK's leading consumer intermediary brands and specialist
networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has
over 2,000 advisers providing expert advice to customers on a range of
mortgage, specialist lending, protection, and general insurance products. MAB
supports its AR firms with proprietary technology and services, including
adviser recruitment and lead generation, learning and development, compliance
auditing and supervision, and digital marketing and website solutions.

For more information, visit www.mortgageadvicebureau.com
(https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.proofpoint.com%2Fv2%2Furl%3Fu%3Dhttp-3A__www.mortgageadvicebureau.com_%26d%3DDwMF-g%26c%3DeuGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM%26r%3DNj006SAhpfJGzqX7TkdnFCOXt8K8HLR6t-m0tfk0sKk%26m%3DgFRfhF8o351YluA18Bjv7ycyKw7h2VVplazDY2IEW0sQ8C0AaYe1Qup_V9gmZQNd%26s%3DKfp85WcIcWHD48Cv6_MtN85WTzPhbcPhgoql1Us5h60%26e%3D&data=05%7C02%7CLetaba.Rimell%40camarco.co.uk%7C49fa9aa74f034fc9a49108dcfff2bf39%7C77a5f6209d7747dba0cd64c70948d532%7C1%7C0%7C638666665356187099%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=OvOcJHyFYzHfR6M9dFsyhwxgXQbIjrac6cGpXoERDmo%3D&reserved=0)

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