Compliance & Regulation
MPs urge government to consider IP for keeping people in work
The Work and Pensions Select Committee has called on government to consider the role income protection can play in enabling people to stay in and return to work. The call came in...
Read morePMS and Bankhall launch support package to help firms meet Consumer Duty
PMS Mortgage Club, in partnership with compliance expert Bankhall, has rolled out a suite of new support to help mortgage and protection firms adapt to the Consumer Duty ahead of its 31...
Read moreHolloway Friendly launches adviser comms training ahead of Consumer Duty
Holloway Friendly has introduced a guide and training for advisers to make their communications easier to understand and more engaging. The free adviser guide is supplemented by interactive training sessions which firms...
Read moreInsurers still make it far too difficult to get mental healthcare – Biden
Medical insurers in the United States may soon have to change their approach to mental health care, as US president Joe Biden has called them out for making it too difficult for...
Read moreNo £10,000 cap on compensatory payments say financial regulators
Financial regulators in the UK have removed a proposal for a £10,000 cap on compensatory payments for those who have complaints about their actions. The Financial Conduct Authority (FCA), the Prudential Regulation...
Read moreMajority of consumers unprotected but cash plans and IP tick up – FCA
There was a slight increase in protection and health insurance coverage in the two-year period since the pandemic first, hit fuelled by growing appetite for health cash plans and income protection. However...
Read moreOH terms ‘woolly and narrow’ but PMI sector must embrace Treasury tax consultation
The health insurance sector is being urged to participate in HM Treasury’s workplace health consultation but “has a job on its hands” to convince the department that tax incentives are worthwhile. However,...
Read moreCII puts out ESG guide to better inform SME brokers
The Chartered Insurance Institute (CII) has published a guide to better inform small and medium sized (SME) brokers of environmental, social and governance (ESG) issues. The launch follows research carried out by...
Read moreABI and AMII will renew case for PMI tax relief but BIBA hesitant
Industry bodies from across the health and protection sector are planning to respond to government's call to make the case for tax relief on private medical insurance (PMI) provided though the workplace....
Read moreWill writing and pre-paid probate investigation launched
The Competition and Markets Authority (CMA) has launched a new investigation into potential consumer law breaches in will writing. The CMA will also investigate online divorce services, and pre-paid probate plans. It...
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AIA Singapore launches starter CI plan including no claims cashback
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Collaboration needed to design IPMI products sector is ‘screaming’ out for – Peters
