Cash plans
Insurance ARs halve in decade as FCA targets PII and ‘weak recruitment’ oversight
The number of appointed representative (AR) firms operating in the insurance sector has halved in the last decade, with a sharp drop in the last two years. The Financial Conduct Authority (FCA)...
Read morePMI and cash plans rise in demand as life and IP drop – The Exeter research
Private medical insurance (PMI) and cash plans have seen a surge in uptake over the last year while life and income protection (IP) cover have dropped in demand, according to research. The...
Read moreFCA consults on diversity and inclusion reporting targets
The Financial Conduct Authority (FCA) has launched a consultation setting new reporting requirements aimed at improving diversity and inclusion across the financial services sector. In particular the proposals focus on boosting diversity...
Read moreCMA call for views on how regulators work together to protect consumers
The Competition and Markets Authority (CMA) is launching a review of 10 years of the current concurrency arrangements, which set out how the CMA and sector regulators collaborate to enforce competition law...
Read moreRight to not disclose cancer history, LTA abolition and double taxing GIP among key regulatory challenges – analysis
The Consumer Duty is not the only regulatory challenge keeping advice and insurance firms up at night. Incoming abolition of the lifetime allowance, right to be forgotten legislation in Europe and concerns...
Read moreBupa scraps further £59m PMI Covid rebate and Global members drop 100k – updated
Bupa is scrapping a further £59m Covid rebate for its UK customers as the private medical insurance (PMI) provider said deferred claims from the pandemic are starting to appear. It completed an...
Read moreAs Consumer Duty starts all advisers need to be well-advanced – Branko
All advisers should ensure they are "well-advanced" on their journey towards compliance with Consumer Duty, according to Branko Bjelobaba, principal at consultancy Branko. Speaking to Health & Protection on the morning the...
Read moreDentist visits delayed as employers push back on time off – Bupa
Three-quarters of employees have delayed visits to the dentist in the last year with fears about employer push back being a key factor. Research by Bupa found 73% of the 2,049 UK...
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 moreMedicash eyes expansion and fresh income streams following £12m property deal
Medicash is eyeing expansion of its services and generating new income streams following the £12m purchase of its current home. The cash plan provider has been leasing the third floor of the...
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