Appointments / Industry
FCA warns consumers not to buy products from pair of funeral plan providers
The Financial Conduct Authority (FCA) has warned consumers not to purchase products from two funeral plan providers. The warning comes ahead of a change in the law which brings funeral plans under...
Read moreRichard Lloyd starts work as FCA interim chairman
Richard Lloyd has started his new role as interim chairman of the Financial Conduct Authority. Lloyd's appointment was announced on 4 February this year. Previously the FCA’s senior independent director, Lloyd (pictured)...
Read moreVitality: Even modest amounts of regular exercise can cut average cost per claim
Vitality has found that even small amounts of regular exercise can cut the average costs per claim for its members needing hospital treatments. Analysis of Vitality data for in-hospital and day treatment...
Read moreCommunicating importance of cohabitees’ status is vital for advisers – Gilbert
Cohabitees are no longer a "negligible" minority so advisers have a crucial role in communicating the importance to marital status when organising life cover, Insuring Change partner Ruth Gilbert has emphasised. She...
Read moreActuaries warn government plan could ‘undermine profession’ and lower standards
Actuaries are warning that proposed government regulations for the sector could “undermine the profession” and “lead to a lowering of standards”. The Institute and Faculty of Actuaries (IFoA) also urged the government...
Read moreRoyal London pays record £632m in claims
Royal London has paid a record £632m in claims in 2021 to more than 84,000 claimants and approved 99.5% of all protection claims last year. This compares with 2020 claims data which...
Read moreUnderwriteMe drops Covid question from application process
UnderwriteMe has removed its question about a recent diagnosis or symptoms of Covid from the customer application process on its protection platform. The firm said the move was in response to its...
Read moreMSK and mental health claims rise as Dentists’ Provident pays out £5.4m
Dentists' Provident paid out £5.4m on a total of 1,190 claims and approved 98.9% of new claims last year. In 2020 it paid £5.9m in claims and approved 96.4% those it received....
Read more‘Watershed’ moment as most level term policies bought unadvised for first time
Swiss Re has called more than half of new level term assurance (LTA) policies being purchased without advice for the first time a “watershed” moment. Ron Wheatcroft, technical manager for life and...
Read moreCQC suspends East London private GP surgery
An East London private GP surgery has been suspended by the Care Quality Commission (CQC) for exposing patients to risk of avoidable harm. During the CQC's regular inspection of the Northway Clinic...
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