Individual Protection

The Bank of England is predicting UK inflation will hit just over 13% in the fourth quarter of the year which will coincide with the country entering a year-long recession. In a...

Shepherds Friendly income protection (IP) products are now available on the Iress quote and apply product sourcing software The Exchange. Dave Miller, executive general manager, commercial at Iress, said: “We’re thrilled to...

The Financial Conduct Authority (FCA) expects implementing its appointed representative (AR) regime overhaul to cost the financial services sector around £7.6m per year. It anticipates larger firms taking the highest expense with...

Phoenix Group has acquired Sun Life UK, a closed book UK life insurance company, from Sun Life Financial for £248m. The acquisition is expected to deliver around £470m of incremental long-term cash...

LSL Property Services has reported a 2% fall in protection sales during the first six months of 2022 but said it believes the firm has increased its market share as the overall...

Principal firms must investigate the history of their appointed representatives (AR) including other principal firms they worked for and why their previous relationship came to an end. The requirements are being introduced...

The Financial Conduct Authority (FCA) is halving the notice period firms will need to give it ahead of engaging an appointed representative (AR) along with making several other changes to its incoming...

The Financial Conduct Authority (FCA) has rejected calls from firms for a 12-month implementation period for its new regime for appointed representatives (AR). The regulator revealed firms have until 8 December to...

The Exeter has appointed former Axa chief executive Peter Hubbard as chairman. The protection and health insurer revealed Hubbard (pictured) is joining its board as a non-executive director and will be appointed...

Ian Smart is retiring after 38 years in the insurance industry – the majority of which has been at the heart of the intermediated protection market. Smart left his position as product...