Protection

The Payment Protection Insurance (PPI) arena will witness a huge slide in profits over the next couple of years, according to Defaqto.

Scottish Widows has reported strong results for 2007 with profit before tax rising by 26% to £884m.

AXA was named best overall provider as it bagged six trophies at the LifeSearch Protection Awards 2008.

Bright Grey has launched a business protection product designed to help firms should they lose a key employee through death, illness or disability.

The protection arm of the Royal London Group, Bright Grey, has boosted its sales force by making five appointments.

The protection arena has benefited as much as any other from the emergence and rapid rise of the Internet.

Most advisers expect tele-interviewing to form a part of all protection sales in the future, an IFAonline poll suggests.

Protection provider progress from Royal Liver has launched a new section of its website designed to help existing customers and their advisers with answers to the most common non-underwriting protection queries.

Friends Provident has made its first foray into the business protection arena with the launch of the Business Protection Plan.

Almost a quarter of people do not know how they would cope if they lost their regular income, according to research by the ABI.