Group Risk

Life insurers have been told to settle death claims quicker and improve how they monitor claims times or face further action by the Financial Conduct Authority (FCA). It demanded significant improvements with...

Insurance premium tax (IPT) receipts reached £956m in October 2024, according to data from HM Revenue & Customs. The sum brought the seventh-month total for the 2024/25 tax year to £5.5bn. The...

The number of cases of work-related stress in the UK has dropped  by14% year-on-year. The statistics from the Health and Safety Executive (HSE), released yesterday, reveal that the number of UK workers...

While global life expectancy has stalled since 2010 due to the pandemic, increased resistance to antibiotics and rising levels of obesity, promising technologies for future medical advancement are providing reasons for optimism...

Unum UK has launched a digital portal for employers with online claims tracking, absence management and rehabilitation referral capabilities.  The portal is designed to simplify the claims process, giving users the ability...

The Financial Services Compensation Scheme (FSCS) is expecting a third consecutive year with no additional levy for advisers operating in the protection and health insurance sectors. Those working in the mortgage broker...

Advisers, intermediaries, insurers and other financial services firms could be forced to pay fees for complaints made to the Financial Ombudsman Service (FOS) when they are submitted. This would reverse the current...

The Financial Ombudsman Service (FOS) will introduce a £250 case fee for complaints submitted by claims management companies (CMCs) and other professional representatives. Meanwhile the Financial Conduct Authority (FCA) is consulting on...

Chancellor Rachel Reeves has set out significant reforms to be made to the Financial Conduct Authority (FCA) and Financial Ombudsman Service (FOS). This includes an overhaul and replacement of the FCA Certification...

The Labour government has requested both leading financial regulators to review the rules governing mutual organisations to “unlock the full potential of the mutual and cooperative sector in the UK”. Economic secretary...