Legal & General will look to increase its direct protection business to meet the challenges presented by the post-RDR distribution landscape.
The FSA today proposes income protection plans with a 'small' investment element, better known as Holloway policies, should be exempt from the RDR's adviser charging and professionalism rules.
The first products to be developed as part of a government drive to introduce 'simple' financial products with standardised features should be deposit savings and life and income protection (IP) insurance products, Treasury financial secretary Mark Hoban...
The FSA has ordered firms selling pure protection and PPI plans to review their sales policies and compliance procedures after finding "disappointing" oral disclosure practices by some firms.
The CII has partnered with the Financial Services Skills Council (FSSC) to help shape the Skills Council's insurance-related agenda.
Aegon will retain its UK life insurance and protection businesses after outlining the latest stage of plans to cut costs by 25%.
Firms can 'make a judgement' about when pure protection services are associated with investment advice as the FSA settles on a more relaxed disclosure regime under COBS.
Aviva has turned down an estimated £5bn bid from rival RSA for its general insurance operations in the UK and other markets.
Lloyds Banking Group has stopped selling payment protection insurance (PPI) after declaring the product no longer "economical" for the business.
Fortis Life UK has hired Bupa head of sales Mark Anders to lead its sales team.