Compliance & Regulation

Benefits payable from stand-alone registered group life pension schemes will be exempt from inheritance tax (IHT) changes, the government has clarified. This aligns with the treatment of retirement benefit schemes that provide...

The Financial Ombudsman Service (FOS) will undergo a series of significant reforms aimed at returning it to its original purpose of being a “simple, impartial dispute resolution service“. This will include a...

Advisers should overcome objections from compliance teams over recommending two joint life policies by focusing on the value to the end customer rather than the cost. This is according to Clive Mayne,...

The chief medical officer (CMO) of Macmillan Cancer Support has criticised protection insurers for an “extraordinary” lack of consistency in the way they verify cancer claims. Professor Richard Simcock told Health &...

Baroness Nicky Morgan has told Health & Protection she is considering resuming her quest to secure an inquiry on women’s financial resilience in the House of Lords following an unsuccessful attempt last...

Legal & General group chief risk officer (CRO) Chris Knight will join the Financial Conduct Authority (FCA) as director of insurance in July. Knight will be taking on the position formerly held...

A key trend emanating from the pandemic was the emergence of the digital nomad reflecting that in the third decade of the 21st century, talent is increasingly globally mobile. And in order...

The Financial Conduct Authority (FCA) is casting its regulatory eye on commissions in its Pure Protection Market Study. While that work does not extend to private medical insurance (PMI), advisers operating in...

Striking out on your own as an adviser can prove daunting - most will not know where to start and in an era of increased remote working leaving colleagues to go it...

Complex issues involving multiple regulators and critical stress tests are being simplified by artificial intelligence (AI) and other technologies, the World of America Convention has heard. Regulation is an ever-present subject for...