An indecent proposal

As June turned into July, it soon became apparent that the protection industry was not going to have a quiet and peaceful summer. Instead, there was a flurry of activity in the sector, with the Financial Services Authority publishing both its Insurance Conduct of Business Review and its Retail Distribution Review; the Law Commission announcing its intention to introduce a five-year cut-off clause for life cover claims; and Friends Provident and Resolution going public with their plans to merge. The announcements received a lukewarm response from the sector, with the Law Commission's propo...