Group Risk
FCA expects insurers to tell distributors how commission affects product value
The Financial Conduct Authority (FCA) has told insurers and other providers that it expects them to tell advisers and distributors how their commission affects the value of the product for consumers. The...
Read moreAIG defers life and retirement business IPO
AIG is deferring the initial public offering (IPO) of its life and retirement business that would see it sold off as a separate entity. This would include the UK operation which provides...
Read moreNeos Life appoints Iptiq’s Georges as head of sales
Australian life insurer Neos Life has appointed Harry Georges as head of sales. Georges succeeds Charl du Plooy who is moving to the role of head of culture and performance. Before joining...
Read moreAviva completes £385m Succession Wealth acquisition
Aviva has formally completed the acquisition of Succession Wealth for £385m. The insurer first announced the acquisition on 2 March. Along with offering wealth management advice the firm has an employee benefit...
Read moreAviva PMI and group risk sales offset protection fall as higher claims hit profits
Aviva's group risk and private medical insurance (PMI) sales offset a falling individual protection market while higher claims hit profitability in the first half of the year. The insurer said the value...
Read moreHCML buys employee health risk management specialist Healthcare RM
Rehabilitation and care management solutions provider HCML has bought employee health risk management specialist Healthcare RM. HCML said the acquisition will mean it can offer employers a "one stop shop" for health...
Read moreHerbert warns employers not to ride out recession by axing workplace benefits
It would be a mistake if employers seek to ride out the upcoming recession by axing their employee benefits offerings, according to Steve Herbert, wellbeing and benefits director at Partners&. Herbert said...
Read moreLegal & General protection sales drop 19% as shrinking market prediction hits
Legal & General saw its retail protection new business drop 19% in the first half of the year as its predictions of a shrinking protection market appear to be coming true. Back in...
Read moreConsumer Duty did not explicitly ban loaded premiums, but it may as well have – Müdd
I have heard the Financial Conduct Authority’s (FCA) Consumer Duty described in many ways. This ranges from “unnecessary meddling”, to which I do not subscribe, to the “Retail Distribution Review mark II...
Read moreGrowing group risk demand for previously ‘off the agenda’ issues
Canada Life is witnessing greater demand for line manager training in subject areas previously considered "off the agenda" like menopause training. Ian Ranger, head of claims and medical underwriting at the insurer...
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