CASS 5 - Client Money - Insurance Distribution Activity
CASS rules apply to money belonging to all clients. Clients are classified as retail, commercial, professional and any other eligible counterparty.Our CASS 5: Client Money - Insurance Distribution Activity course provides an overview of CASS 5 which are the client money rules that apply to insurance distribution.
- 25 Minutes
- All staff
- Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.
- Insurance Compliance Library

Learning objectives
- Understand the client money rules as they apply to insurance intermediaries
- Highlight the importance of protecting client money
- Identify the types of client money calculation
- Demonstrate good governance
- Report regulated activities to the Financial Conduct Authority (FCA)
What can you expect your employees to learn?
Introduction
What is Client Money: Insurance Distribution Activity?
Principle 10: Clients' Assets
- Consumer, customer or client?
- Risk transfer arrangements
- You decide: Who carries the risk?
- Mixing money
- You decide: Client money
Segregation
- When multiple firms are involved
- Statutory or non-statutory trust
- Setting up a non-statutory trust account
- Setting up client accounts
- Client bank accounts
- What if it gets complicated?
- Commissions and fees
- Keeping records
- You decide: A matter of days
Client money calculation
- Calculations and reconciliations
- Carrying out the calculation
- Notifying the FCA
- You decide: Types of client money calculation
Crossing the line
- Examples of common CASS errors
- Reporting to the FCA
- Key performance indicators
- You decide: Reporting
Summary
Affirmation
Assessment
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Your questions, answered
Common FAQs
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How can I give employees a secure way to record suspicious activity so we can act quickly?
Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.
What file types are supported by the Skillcast system?
Features |
Supported file types and details |
File Exchange |
File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB |
SCORM files |
Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB |
xAPI file |
Max file size: 2GB |
Videos |
File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help |
Images |
File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB |
CPD evidence |
File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
Policy documents |
PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
Offline activities evidence |
File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB |
Client logo files |
File types provided by client: EPS, PDF, AI and SVG |
Registers |
PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files |
Declarations |
JPG, JPEG, PNG, GIF, XLS and XLSX files |