John Lewis Money becomes regulated insurance broker

John Lewis Money has announced that it has become an FCA regulated insurance broker.

The firm wanted authorisation as it looks to offer more choice in home and car insurance to customers. It will work with a “carefully selected” panel of insurers to offer customers broader cover and more competitive quotes.

It will aim to offer more modern protections such as e-bikes and non-standard risks for home insurance customers and electric vehicles for car insurance policies.

John Lewis Money director, James Mack, said: “By becoming an authorised broker, we’re taking a significant step in our strategy to make John Lewis Money more relevant to our customers.

”People have long placed their trust in us and this move allows us to offer a broader range of cover to meet their needs.”

First products

The first products to launch to customers will be home insurance policies, which will go live in April 2026, with a network of insurers including Axa, Prestige Underwriting and Covéa Insurance.

This will be followed by the launch of a panel of car insurance providers later this summer.

John Lewis Money has also onboarded ARAG to offer core add-on products, including legal protection and home emergency for home insurance.

Mack said: “Moving away from a one size fits all approach means we can bring together a panel of leading insurers and use our independence to act as an advocate for our customers, helping them find the quality and peace of mind they expect from the John Lewis brand.”