Individual Protection
LifeSearch sees Gen Z IP sales rise 4% and launches vulnerable customer team
LifeSearch has seen 4% growth in income protection (IP) business from Generation Z adults aged 24 and under, the intermediary firm has revealed. The advice firm is also focusing on vulnerable customers...
Read moreCII takes over PFS board citing ‘serious and significant’ governance failures
The Chartered Insurance Institute (CII) is taking over the Personal Finance Society (PFS) board immediately, citing "serious and significant" governance failures. The CII Group board told the PFS board that it intends...
Read moreHealth & Protection publishes first Individual and Business Protection market report
Health & Protection is launching its first UK Individual and Business Protection report analysing the extent of the sector. The report is available to download for free by advisers, intermediaries and brokers...
Read more‘Fix the room, not women’ – Debbie Kennedy interview
Creating a more diverse protection industry is about fixing the room not women with more allyship and support from men and leaders needed, according to Debbie Kennedy, chief executive at LifeSearch. Kennedy...
Read moreLack of provider differentiation, missed opportunity for protection post-Covid, flexible products and need for innovation – Debbie Kennedy interview
There is little differentiation between protection products at present so insurers will need to stand out in the market on service level, according to Debbie Kennedy, chief executive of LifeSearch. She also...
Read moreRetained EU Law Bill means UK health data rules set to change – Stancliffe
It is likely general data protection regulation (GDPR) based on EU law will no longer apply in its current form - meaning the legal framework for processing health data and personal data...
Read moreFOS 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....
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