Company News
Müdd: Pressure on insurers and advisers to show ‘fair value’ of loaded premiums
The Financial Conduct Authority's (FCA) failure to explicitly ban loaded premiums under its Consumer Duty means the pressure is on insurers and distributors to justify continuing the controversial practice, according to St...
Read moreScottish Widows protection sales up 50%
Scottish Widows has seen new protection business rise 50% year-on-year and an increase in market share, according to its half-year 2022 results. The results reveal the insurer saw new protection business grow...
Read moreAdvisers must tell FCA if they see other firms not meeting Consumer Duty
Advisers are required to tell the the Financial Conduct Authority (FCA) if they witness other firms in the distribution chain who are not meeting its incoming Consumer Duty, the regulator has announced....
Read moreFCA gives firms three-month extension to implement Consumer Duty
The Financial Conduct Authority (FCA) has given firms a three month extension to execute its Consumer Duty for all new and existing products and services currently on sale and an additional 15...
Read moreLargest firms benefit as insurance advice revenue up but PII soars 59%
The largest insurance intermediary firms benefitted most in 2021 as revenues in the market grew – but professional indemnity insurance (PII) costs soared by £141m. Revenue from insurance distribution rose 3.9% to...
Read moreAviva test project bringing group risk and PMI schemes together
Aviva is seeing group risk and private medical insurance (PMI) schemes being brought together as clients and advisers are seeking to get greater value from their premiums. The insurer told Health &...
Read morePatients could cut 15 weeks off wait times by exercising right to choose provider
Patients in England could cut months off their wait for care by acting on their right to choose a different provider for their NHS treatment. A joint report from the Independent Healthcare...
Read moreFCA reveals 14 firms with 50,000 customers not authorised as funeral providers
The Financial Conduct Authority (FCA) has published a list of 14 firms covering more than 50,000 people who will not be authorised as funeral providers from 29 July. From that date only...
Read morePMI and pay rises the most desired employee benefits – Canada Life
Private medical cover ranks as the second most popular workplace benefit with only higher pay ahead of it, according to research from Canada Life. The research conducted by Opinium among 2,000 UK...
Read morePrivate healthcare activity hits pre-pandemic levels as self-pay demand soars
Private healthcare market activity has returned to pre-pandemic levels amid a surge in demand for self pay treatment. Data from the Private Health Information Network (PHIN) showed there were 198,000 private patient...
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