Individual Protection

Four in 10 UK adults expect their finances to worsen over the next three months, according to research from LV=. The mutual's Wealth and Wellbeing Monitor found 42% of respondents predicting their...

Advisers operating in the health and protection insurance markets face an increase of 3.2% in their annual fees paid to the Financial Conduct Authority (FCA). This rise is in addition to the...

The number of people in the UK suffering symptoms associated with long Covid for more than a year has increased by 99,000 taking the total past three-quarters of a million, according to...

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...