A decision by HSBC to set aside a further £340m to fund payment protection insurance (PPI) compensation claims has taken the amount banks have now earmarked for PPI mis-selling redress to almost £10bn, a report says.
Friends Life has introduced fee facilitation options across a number of product ranges ahead of the implementation of new remuneration rules brought about by the Retail Distribution Review (RDR).
Insurance brokers have raised concerns about Financial Services Authority (FSA) plans to increase their compensation threshold under the Financial Services Compensation Scheme (FSCS).
The new managing director of Bright Grey and Scottish Provident has admitted the provider has "taken its eyes off the ball" with underwriting speeds.
Online adviser support on I-E tax changes and the gender directive has been launched by LV=.
Ageas Protect has promised to support customers whose applications cannot be placed on risk immediately before the introduction of gender neutral pricing.
Aegon UK is in exclusive talks with third-party specialists Serco regarding outsourcing the administration of its protection business.