Individual Protection
FOS targets ‘polluter pays’ fee strategy and holds industry levy steady
The Financial Ombudsman Service (FOS) is proposing to charge more for firms which generate more complaints as it seeks to embrace a “polluter pays” approach to its funding. The regulator has also...
Read moreFCA warns protection insurers to support customers with arrears and eyes expanding Covid guidance to cover financial difficulty
The Financial Conduct Authority (FCA) has warned protection insurers may see more policies lapsing or being cancelled through the cost of living crisis and that they should monitor these numbers, understand the...
Read moreFCA reviewing funding classes and compensation limits of FSCS
The Financial Conduct Authority (FCA) will review the way the Financial Services Compensation Scheme (FSCS) is funded by the industry and the level of protection it offers. The FCA ruled out the...
Read moreLondon & Country adds Aviva, Guardian and LV= as preferred CI providers
London & Country has appointed Aviva, Guardian and LV= as preferred critical illness (CI) providers for its protection advice process. The trio join existing preferred providers Legal & General and Scottish Widows....
Read moreDHSC calls for evidence to help demystify genetic testing and insurance code
The government is launching a call for evidence to look into how its code on genetic testing and insurance can better define predictive and diagnostic genetic tests as well as outline a...
Read moreSt James’s Place targets adviser recruitment for applicants with disabilities
St James's Place (SJP) is partnering with disabled careers specialist Kaleidoscope Group UK to create a programme to help those overcoming a range of health challenges to train as financial advisers. The...
Read moreFCA slams industry diversity strategies as unsustainable and generic while ignoring culture and customers
Diversity strategies across the financial services sector are not inclusive enough and failing to build diverse talent pipelines leading to unsustainable practices including poaching of senior mangement, the Financial Conduct Authority (FCA)...
Read moreInsurers lead on first day flexible working as candidates snub office-only roles
The insurance sector appears to be ahead of the game when it comes to new government legislation meaning workers can request flexible working from their first day at work. Under the changes...
Read moreChildren’s CI difficult to understand, say third of advisers
Fewer than half of advisers believe they are knowledgeable about children’s critical illness (CI) insurance and one in three say the product line is not easy to understand. The figures came from...
Read moreMortgage Advice Bureau takes 75% stake in protection consultancy Auxilium
Intermediary network and advice firm Mortgage Advice Bureau (MAB) has taken a 75% shareholding in protection consultancy and service provider Auxilium Partnership. Auxilium Partnership will continue to be led by CEO Mark...
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Majority of consumers unprotected but cash plans and IP tick up – FCA
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A turbulent year of two halves but health insurance market sees easing inflation ahead – analysis
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Advisers are pro-Christmas jumpers but understand client sensitivities
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Protection sector broadly optimistic for 2026 with IP and WoL leading the way – analysis
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Highest IP sales in a decade highlight positive Q3 for protection – Gen Re
