Individual Protection
Insurers write off £100m commission clawback due to poor adviser practice – FCA
Insurers have written off at least £100m in clawback commission debt due to poor adviser behaviour with another £19m outstanding. As a result, the Financial Conduct Authority (FCA) identified concerns about certain...
Read moreProtection claims ratios match highest in GI but FCA examining IP
Claims ratios from pure protection insurance products are generally above 50% and typically higher than most general insurance (GI) products, according to analysis from the Financial Conduct Authority (FCA). Ratios for income...
Read moreFCA protection gap proposals include targeted support and IP exploration
The Financial Conduct Authority (FCA) has proposed a series of actions and options it can undertake to help the protection insurance industry close the protection gap. These include extending its targeted support...
Read moreFCA resists banning loaded premiums despite being in quarter of sales
The Financial Conduct Authority (FCA) does not expect to be making significant interventions including the banning of loaded premiums in the protection market. The regulator highlighted that loaded premiums and restricted panels...
Read moreFCA wants to help close protection gap
The Financial Conduct Authority (FCA) wants to help the protection insurance industry close the consumer protection gap. Furthermore, while the FCA is proposing some modest measures, it said it was not anticipating...
Read moreHouse of Lords Protection Roundtable: Loaded commission likely target for FCA
Abigail Montrose hears how the protection industry is viewing the FCA’s review of the market and how greater transparency is seen as a good thing. The Financial Conduct Authority’s (FCA) ongoing...
Read moreCoreco Network mortgage and protection leader to feature on The Apprentice
The Apprentice is to feature another leader from a mortgage and protection advice firm. Among the candidates vying for the crown of business partner to Lord Alan Sugar in this year’s competition...
Read moreEconomic abuse: One in five think being taken off insurance is ‘not serious’ – Axa
More than a fifth of UK adults believe being removed from an insurance policy could be easily dismissed as ‘normal’ or ‘not serious’ in a relationship, according to research by Axa UK....
Read moreHow well do lead generation firms fit advisers’ needs for sourcing new customers? – analysis
Growing an advice business is rarely a simple task and while lead generation can play an important role when an intermediary is starting out, it appears advisers have had limited success when...
Read moreMany under 40s rarely save in case they are unable to work – OneFamily
Four in 10 (44%) 18 to 40 year olds rarely or never set money aside in case they are ever unable to work, according to research from OneFamily. Women, renters, those with existing...
Read more
