Protection

The ABI has given its backing to the Treasury's simplified products proposal and highlighted the need for a government supported replacement to payment protection insurance (PPI).

Cash plan provider Westfield Health has acquired the business of PatientChoice, which administers, markets and sells health insurance products.

HMRC will stage a series of open meetings to discuss the ‘substantial amount of work' remaining on the reclassifying protection business for providers under a new tax regime.

Legal & General has launched a new administration system for the Group Protection market.

The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.

The ABI has revealed it is opposed to a public compulsion to pay for future long-term care (LTC) needs.

The Association of British Insurers has questioned the Insurance and Occupational Pensions Authority's decision to schedule a stress test during the implementation of Solvency II.

Market experts have slammed both the system, products and levels of available advice in the self pay long term care (LTC) market.

The immediate needs annuity market for long-term care (LTC) could be increased to seven times its current size, according to new research.

Simple protection products need baseline standards and a goverment recognised stamp of approval, according to the chairman of trade body Protect.