news
Treasury slashes Solvency II rules for life insurers and includes IP in matching
HM Treasury has revealed plans to slash Solvency II requirements for insurers that dictate how much capital they must hold and the types of assets they can use. The proposed Solvency II...
Read moreThree-quarters of consumers want clearer numbers from insurers – ABI
Three-quarters of people say clearer use of numbers in insurance would help them to use and understand the sector, according to research for the Association of British Insurers (ABI). The findings were...
Read moreAIG extends financial hardship premium flexibility
AIG is extending its six-month payment flexibility for people who are under financial hardship due to the increasing cost of living. The insurer originally introduced the option to help policyholders cope with...
Read moreCovid-related group life claims soar 80% to £168m
Insurers paid out more than £168m in death benefits from group life policies as a result of Covid-19 last year – a sharp increase on 2020 as the pandemic continued to hit...
Read moreAdvisers mull picking-up costs when free Covid testing ends
Advisers are divided over whether they will pick up the additional costs of tests for staff when the government stops providing free lateral flow tests from this spring. This afternoon prime minister...
Read more‘We will improve’ on fraud but competition aims will not affect enforcement – FCA
The Financial Conduct Authority (FCA) has pledged that being given a competitiveness objective will not weaken its oversight of the industry. The regulator also agreed with the Treasury Select Committee of MPs...
Read moreFCA’s Mills ‘cautious’ about using fines to fund FSCS levy
Financial Conduct Authority (FCA) executive director for consumers and competition Sheldon Mills says he is “cautious” about using funds gathered from fining firms to pay for regulator or its industry levies. Mills...
Read moreHolloway Friendly launches single product IP proposition
Holloway Friendly has launched My Sick Pay - a simplified income protection (IP) proposition with just one product which will replace its existing Purely, short term income protection and one2protect offerings. Advisers...
Read moreFormer Openwork CMO joins Wesleyan
Wesleyan has appointed Claire Oldstein as group customer and marketing director. Oldstein (pictured) was most recently chief marketing officer with The Openwork Partnership where she led its rebrand and marketing transformation. She...
Read moreRoyal London rolls out Underwrite Later solution to more products
Royal London is to roll out its Underwrite Later solution to more protection products in the next couple of months following its launch early last year. Underwrite Later enables clients to secure...
Read moreHAVE YOU READ?
MOST POPULAR
