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 moreAviva test project bringing group risk and PMI schemes together
Aviva is seeing group risk and private medical insurance (PMI) schemes being brought together as clients and advisers are seeking to get greater value from their premiums. The insurer told Health &...
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 moreTalent shortfall and Covid fallout drive unprecedented demand for group risk benefits – analysis
The combined impact of the pandemic and an intensifying war for talent has meant demand for group risk benefits from employers has never been so high. While advisers do not think mandatory...
Read moreGIP has power to unlock economically inactive but employers remain confused – CBI
Group income protection (GIP) solutions have the potential of unlocking the economically inactive who have left the labour market, the Confederation of British Industry (CBI) believes. However the trade body warned that...
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