Compliance & Regulation
ProtectX9: Advisers must consider four key factors for fair critical illness value – CI Expert
Advisers should consider breadth of coverage, pay out amounts, gender specific risks and children's cover when determining whether critical illness policies offer fair value. This is according to Natalie Mayne, creative director...
Read moreHealth insurance and social media will trigger more complaints, FOS warned
Health insurance and financial advice offered on social media could generate more complaints in the coming year, the Financial Ombudsman Service (FOS) has been warned. The regulator highlighted that some respondents to...
Read moreProtectX9: Fair value assessments must tell credible data-led stories – Fairer Finance
Good fair value assessments must tell a credible story using data, according to James Daley, managing director at Fairer Finance (pictured), Daley told ProtectX9's audience that they should include a proper benchmarking...
Read moreFCA right to investigate commission on restricted distribution panels – PDG
The Financial Conduct Authority (FCA) is right to look into the issue of whether insurers loading premiums in order to pay selected networks and distributors higher commissions needs ensures fair value. This...
Read moreEmployers set to face £8.5bn cancer care absence costs in 2025 as cases rise – Reframe
Workplace absences connected to employees taking time off to care for a cancer-stricken loved one could cost UK employers an estimated £8.5bn this year due to an increase in cases. This is...
Read morePrimis faces £1.9m bill after expelling protection AR firm
LSL Property Services has included a £1.9m charge in its annual results after expelling a protection advice firm from its Primis network, with £1.2m to cover potential commission clawback. The firm also...
Read moreSpring Statement confirms £1bn to tackle workforce inactivity
The Labour Government's has confirmed £1bn of employment support measures aimed at helping disabled and long-term sick people back into work. The details were included in the Spring Statement documents. Last week,...
Read moreFCA making good progress clearing out rogue distributors – Baigrie
The Financial Conduct Authority (FCA) is already making good progress in clearing out rogue distributors who oppose LifeSearch's ethos. This is according to LifeSearch executive chairman, Tom Baigrie (pictured) who addressed an...
Read moreFCA market study must recognise ‘need for flexibility’ in commission
The Financial Conduct Authority (FCA) needs to recognise the need for flexibility in commission in its market study. This is according to industry experts following the release of the terms of reference...
Read moreFCA market study to consider reinsurers, portals, product comparison platforms and lead generators
The Financial Conduct Authority (FCA) will consider the activities of reinsurers, portals, product comparison platforms, and lead generators as part of its pure protection review. Outlining the terms of reference of its...
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