Individual Protection
IPAW: Ask customers instead of telling them about need for protection
Advisers should ask customers about the risks associated with them not being able to meet mortgage payments, rather than reeling off the benefits of income protection cover to them. The panel on...
Read moreIPAW: MAB’s Walton reveals stark impact of severe illness after not rearranging IP
Mortgage Advice Bureau (MAB) protection proposition director Andy Walton has revealed how failing to properly rearrange his income protection (IP) cover for a new job hit him hard when he fell seriously...
Read moreFCA ‘frustrated’ with fair value product assessments as opposing lines drawn by advisers and providers
The Financial Conduct Authority (FCA) has admitted it is frustrated with the way fair value pricing assessments for insurance contracts have been conducted throughout the industry. The regulator accepted the process has...
Read moreImplementation plans must be well thought out and engage with Consumer Duty substance – FCA
Firms need to ensure their Consumer Duty implementation plans due at the end of this month are well thought through and engage with the substance of the Duty, the regulator has said....
Read moreConsumer Duty does not mean firms will pay more in redress – FCA
The Financial Conduct Authority (FCA) has said it’s incoming Consumer Duty does not mean firms will be paying more in redress to customers when things go wrong. However, the regulator added the...
Read moreIPAW: Compliance message heard but small firms need most help with Consumer Duty
The importance of getting to grips with the Consumer Duty may finally be hitting home ahead of the deadline for brokers to submit compliance strategies to the Financial Conduct Authority (FCA), according...
Read moreIPAW: Consumer Duty pushing firms to set up protection practices – Paradigm
Increased responsibilities created by the Consumer Duty mean some advisers face a choice between setting up their own specialist protection divisions or signposting business out entirely, according to Paradigm Protect. Paradigm Protect...
Read moreHunt u-turns almost all Truss and Kwarteng’s mini-budget tax changes
Jeremey Hunt, the latest chancellor of the exchequer, has announced plans to row back almost all of the tax measures announced by his predecessor Kwasi Kwarteng in his mini Budget. In an...
Read moreHealth and Social Care Levy axe confirmed costing £65bn
Chancellor Jeremy Hunt has confirmed the National Insurance hike and introduction of the Health and Social Care Levy will not take place despite making a host of u-turns today undoing much of...
Read moreMore than a quarter of UK workers without IP want cover – LV=
More than a quarter of UK workers who are not covered by income protection (IP) would like to be, according to research from insurer LV=. The mutual's research of 4,000 adults across...
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