Individual Protection

The Financial Conduct Authority (FCA) expects the Financial Services Compensation Scheme (FSCS) levy to stabilise due to actions it is taking in its three-year strategy plan. However compensation levels are still expected...

New income protection (IP) claims declined in 2021 but there were more long-term payments and the cost of claims increased, according to data from the Association of Financial Mutuals (AFM). AFM data...

A financial adviser who had debts of more than £300,000 after conducting the improper sale of insurance policies has been handed a nine-year bankruptcy order. Marc Jones, 42, from Whitchurch in Cardiff,...

Shepherds Friendly paid out 95% of income protection (IP) claims received in 2021 and has paid an average of 95% of claims over the past five years. The greatest number of claims...

Cirencester Friendly is promoting finance director Andy Morris to CEO, succeeding Paul Hudson who announced his impending retirement last year after 26 years. Morris (pictured) has held senior positions within Nationwide, RBS...

LV= paid a record £119m in protection claims in 2021 to more than 9,000 claimants and their families, with 96% of all individual protection claims made being approved. This compares to £117.8m...

Phil Jeynes is responding to the report and independent research published by advice firm LifeSearch last month about the quality of non-advised protection sales.   According to Swiss Re’s 2021 Term and...

Royal London has made a number of changes to its non-medical limits for income protection (IP) which are aimed at speeding up the process for offering cover to customers and its straight...

British Friendly has overhauled its income protection (IP) application processand extended its maximum earnings limit and benefit payment. The insurer has cut its online medical and lifestyle questionnaire to nine compulsory questions...

RSA Insurance chief financial officer and interim CEO of RSA UK and International Charlotte Jones is joining Aviva as CFO from 5 September. Jones has held a number of roles over her...