Compliance & Regulation
Adviser to lobby MP on extending auto enrolment to income protection
The auto enrolment system should be extended to include income protection (IP) according to Prosperis head of employee benefit consulting Steve Ellis, and he intends to ensure his MP understands the necessity...
Read moreMid-size advisers see PII premiums slashed as largest firms pay up
Professional indemnity insurance (PII) costs saw dramatic swings for insurance intermediaries in 2020. According to data from the Financial Conduct Authority (FCA), the largest advice firms earning more than £10m per year...
Read moreBig firms get richer as insurance intermediary revenues rise
Insurance intermediaries saw their revenue rise 1.8% last year to reach £17.6bn – up from £17.29bn in 2019. The £313m increase was mostly driven by a £235m rise in insurance-related income, but...
Read moreTimpson cites improving hidden disability awareness and signposting agreements
Outgoing disability and access ambassador Johnny Timpson has emphasised some of the key changes the insurance industry has embraced since he took up the role three years ago. Timpson (pictured) highlighted that...
Read moreCEO apologises after hospice placed in special measures
The CEO of a South Yorkshire hospice has issued an apology after the Care Quality Commission (CQC) placed the service in special measures after it found a number of "significant" issues that...
Read moreFCA continues diversity push with ‘comply or explain’ rules for listed firms
The Financial Conduct Authority (FCA) has put forward a proposal requiring firms to provide statements detailing whether they have hit diversity targets, and where targets have been missed to explain why. The...
Read moreMental health hospital exits special measures after significant improvements
A Darlington-based mental health hospital has been rated good by the Care Quality Commission (CQC) and is to exit special measures. The Priory Hospital Middleton St George (pictured) in Darlington had been...
Read moreAon faces $1bn termination fee as Willis Towers Watson merger collapses
Aon has agreed to pay $1bn in termination fees to Willis Towers Watson (WTW) following the collapse of the merger of the two firms. Last month, Health & Protection reported the US...
Read moreAegon formally accredited as Living Wage employer
Aegon has been formally accredited as a Living Wage employer. The life insurer revealed while it has informally adopted the real Living Wage with its workforce for many years, the official accreditation...
Read moreShepherds Friendly signs up to PDG claims charter
Shepherds Friendly has joined the Protection Distributors Group (PDG) claims charter. The charter incorporates a number of pledges including having a dedicated claims team to handle all telephone-based claims alongside a process...
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