Protection

regulation

I imagine Ed Balls raised a lot of hopes in the protection industry following his announcement that insurance will be a key priority for the next steps of the government's financial inclusion strategy.

The Financial Services Authority has reached an agreement with the payment protection insurance industry which aims to stop firms including nil refund terms in contracts with customers.

The Financial Services Authority's proposal to split the ICOB regime into two categories has been broadly welcomed by the industry, but questions remain over whether the line between ‘protection' products and ‘other general insurance' products has been...

The government must play a part in ensuring the ICOB review closes the price gap between advised and non-advised protection sales, says John Greenway MP, chairman of the All Party Parliamentary Group on Insurance and Financial Services.

The removal of tax relief on pension term assurance policies removes the risk of people taking out life insurance policies which are unsuitable for their needs, claims HMRC.

Quoting the protection gap figure somehow reminds me of old films. The shock and awe shown on the faces of the characters when they are told the value of whatever the sought after treasure actually is can be almost comical, largely because it's often...

The rejection rate for overall critical illness claims in 2006 was 19% lower than the previous year, according to statistics from Legal & General.

Five years ago, the Financial Services Authority attempted to implement a regulatory regime which made mortgage lenders responsible for checking the quality of mortgage intermediary advice. After much argument from the industry the idea was thrown out....