Individual Protection

The Financial Conduct Authority (FCA) is not ruling out banning or capping loaded premiums on protection products and has admitted it ‘has concerns’ in the protection market. The regulator has previously sought...

Berkeley Alexander is launching a modular accident sickness and unemployment (ASU) product which includes an income protection element to its options. The SafeGuard Protect product provides three standalone modules: personal accident, IP,...

While two in three to UK adults admit they would struggle financially if they were unable to work, seven in 10 have never investigated buying income protection. This is according to research...

More than a third of firms (34%) are finding evidencing outcomes for vulnerable customers as required by the Financial Conduct Authority's (FCA) Consumer Duty board reporting requirements to be "extremely challenging". This...

Not taking out income protection (IP) is like going into a betting shop and wagering that you will not be sick for the next 50 years. This is according to Gary Waters,...

Mortgage Advice Bureau (MAB) believes the Financial Conduct Authority’s (FCA) pending pure protection market study will trigger a wave of consolidation which it intends to take advantage of. The intermediary expects the...

Advisers should be passionate about income protection to properly engage customers. But they should also resist talking down to customers and bamboozling them with jargon or seeing the benefit as purely a...

In the wake of recent devastating ransomware attacks on the healthcare sector, it’s more important than ever that companies within the life insurance industry ensure their cyber security is robust and constantly...

Consumer Duty rules require advisers to recognise not just vulnerable customers, but potential circumstances that could put clients in a vulnerable position such as a divorce or inheriting a large sum of...

A lack of job security and increased knowledge gained from social media is behind ever growing numbers of younger people buying income protection (IP). But advisers would do well to ensure these...