Individual Protection
FSCS operational budget up 5% to £100m despite planning to handle fewer claims
The Financial Services Compensation Scheme (FSCS) has expects its management expenses budget to increase 5% to hit £99.8m for 2023-24, despite expecting to handle fewer claims next year. The increase is coming...
Read moreWalker calls for PFS independence from CII as two more panel members resign
The former chairman of the Personal Finance Society's (PFS) financial planning practitioner panel believes in an ideal world the body would become independent of the Chartered Insurance Institute (CII) as it can...
Read moreConsumer Duty will dominate our industry – Jeynes
Starting another year, it’s important to think about what went well, or not so well, in 2022 and what we have learned that might help us to do our jobs a bit...
Read moreFCA extends financial difficulty guidance to all insurance customers
The Financial Conduct Authority (FCA) is extending measures introduced during the Covid-19 pandemic to now support all insurance customers in financial difficulty whatever the reason. In its CP23/1 consultation the regulator explained...
Read moreSelf-employed face working while sick as just 6% have IP – LV=
Self-employed people are leaving themselves financially exposed and face needing to carry on working should they be injured or become ill, despite the majority of people recognising the security of having protection...
Read moreIntroducing… Esme Pearson, Hooray Health & Protection
Esme Pearson, employee benefits consultant at Hooray Health & Protection, speaks to Health & Protection about how Covid delayed her move into the corporate sector, the importance of having a boss that...
Read moreMAB sees ‘bumper’ protection sales following ‘tsunami’ of remortgages – Walton
The final quarter of 2022 has proven a "bumper" period for protection sales for Mortgage Advice Bureau (MAB), according to Andy Walton, protection proposition director. Speaking to Health & Protection, Walton, (pictured)...
Read moreEvans appointed BIBA chairman for further three years
The board of the British Insurance Brokers' Association (BIBA) has extended Jonathan Evans' tenure as chairman for a further three years. He served two decades as an MP and MEP and was...
Read morePFS financial planning panel chairman resigns and questions CII ‘hostile takeover’
Alasdair Walker has stepped down as panel member and chairman of the financial planning panel at the Personal Finance Society (PFS) citing the ongoing dispute between the PFS and the Chartered Insurance...
Read moreL&G promotes Gupta to chief medical officer as Rubens steps down after 30 years
Legal & General has promoted Dr Tarun Gupta to chief medical officer (CMO). He succeeds professor Robert Rubens, who steps down after more than 30 years but stays on as one of...
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