Compliance & Regulation

Consumer Duty rules require advisers to recognise not just vulnerable customers, but potential circumstances that could put clients in a vulnerable position such as a divorce or inheriting a large sum of...

Artificial intelligence (AI) is being used to drive insurance fraud as the number of dodgy claims is on the rise, according to a survey of claims handlers. One in five (19%) of...

Labour's drive "from sickness to prevention" should include a cut to insurance premium tax (IPT) to meet surging demand for "timely and preventative" complementary healthcare provided by the private sector. This is...

FCA chief executive Nikhil Rathi has warned that using artificial intelligence (AI) for insurance could leave some customers uninsurable or potentially result in discrimination. Rathi (pictured) agreed that AI could benefit many...

Insurers and advisers need to be clearer on the limits of income protection (IP) in covering customers when they fall out of work due to stress. This is according to Alan Knowles,...

Primis network has served notice on one of its protection-only appointed representative (AR) firms leaving it potentially on the hook for £3.4m in commission clawback. The network, which is part of the...

A cross-party commission made up of health experts and MPs, has proposed transforming the NHS from a "reactive" 20th century health system to a "proactive" 21st century health creation service. The proposal...

The Protection Distributors Group (PDG) has criticised insurers for their handling of mental health claims on income protection (IP) products and appealed for them to improve several areas. The trade body said...

This summer saw a change in government but many of the prevailing trends affecting the nations finances remain, including the ongoing cost of living crisis and a slow mortgage market. Due to...

I cannot be alone in being a little surprised by the FCAs publication of MS24: Market Study into the Distribution of Pure Protection Products to Retail Consumers, following on so closely, from...