The Financial Ombudsman Service (FOS) has highlighted examples of bad protection advice from complaints referred to it during the recession.
Private medical insurance (PMI) complaints to the Financial Ombudsman Service (FOS) increased by 27% last year.
In the run up to the election, there are changes on the horizon for regulating insurance, particularly in the area of consumer protection.
The financial ombudsman (FOS) has hit back at criticism of its complaints statistics, saying the data was not designed for consumer use but to encourage firms to handle client grievances more efficiently.
The Association of British Insurers (ABI) believes a clear consensus has emerged surrounding its proposals to reclassify the Total and Permanent Disability (TPD) definitions.
With the Law Commission's reform of insurance contract law almost complete - is the industry ready for change? Will the new law reflect the current industry practice and last another 100 years, asks Gill Salton?
In September the Financial Ombudsman Service (FOS) published company specific complaints data for the first time while the ABI has published company aggregated data.
I welcome the publication of the new Income Protection (IP) Task Force White Paper.
Is past claims performance a guide to the future or will the FOS work on transparency be valuable to the industry? Gill Salton asks.