Individual Protection
FCA gives firms three-month extension to implement Consumer Duty
The Financial Conduct Authority (FCA) has given firms a three month extension to execute its Consumer Duty for all new and existing products and services currently on sale and an additional 15...
Read moreConsumer Duty does not ban loaded premiums but FCA may review issue
The Financial Conduct Authority (FCA) has confirmed its Consumer Duty does not explicitly prohibit the controversial practice of loaded premiums where premium rates are inflated to pay distributors and advisers higher commission....
Read moreKey actions for advisers and insurers to get more women protected – IPTF
Women In Protection research showed that one group of people worry about their health and finances more than another group of people. Yet that same group buy almost 50% less insurance that...
Read moreLargest firms benefit as insurance advice revenue up but PII soars 59%
The largest insurance intermediary firms benefitted most in 2021 as revenues in the market grew – but professional indemnity insurance (PII) costs soared by £141m. Revenue from insurance distribution rose 3.9% to...
Read moreL&G appoints chief risk officer for UK protection
Legal & General has appointed Stefana Brown to take risk oversight of its UK protection business. Brown is taking on the newly created role of UK protection and fintech chief risk officer...
Read moreFCA reveals 14 firms with 50,000 customers not authorised as funeral providers
The Financial Conduct Authority (FCA) has published a list of 14 firms covering more than 50,000 people who will not be authorised as funeral providers from 29 July. From that date only...
Read moreQuartet claim inaugural Santé Group charity golf day win
Santé Group launched its fundraising partnership with Heart Research UK with its first annual charity golf day. The intermediary firm is aiming to raise £10,000 for the charity over the next 12...
Read moreWBN adds trio of members in Europe
The Worldwide Broker Network has added Risk Solution Broker (RSB) and Fortius Inter Partes in Croatia and Söderberg & Partners in the Netherlands have joined as members. RSB is an insurance broker...
Read moreCII focuses on member standards and pilots qualification changes
The Chartered Insurance Institute (CII) has pledged to put greater emphasis on members’ professional standards and pilot changes to how assessments and qualifications are delivered. It will also launch an interactive professional...
Read morePDG updates claims charter approved insurers after standards slip in pandemic
The Protection Distributors Group (PDG) has revealed the latest list of insurers that meet its best practice claims criteria to become its claims charter signatories. The move follows a review of practices...
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