Individual Protection

Legal & General saw its retail protection new business drop 19% in the first half of the year as its predictions of a shrinking protection market appear to be coming true. Back in...

I have heard the Financial Conduct Authority’s (FCA) Consumer Duty described in many ways. This ranges from “unnecessary meddling”, to which I do not subscribe, to the “Retail Distribution Review mark II...

Customers will keep their protection policies in place if the benefits are sold correctly to them in the first place - even with an significant interest rate hike. Pam Brown, owner of...

The number of referrals for children's mental health services has soared during the pandemic and is now the biggest source of child referrals for a health issue, according to Royal London. Data...

Holloway Friendly is offering members the ability to pause their insurance and payments for up to six months in response to the cost of living crisis. The option will be made available...

Royal London's new business sales of protection products fall 43% year-on-year, according to the mutual's interim results for the first six months of 2022. New protection business sales were down to £12m...

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...