May 2019
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Latest - PROTECTION

  • Aegon enhances online service for business protection

    16 April 2019

    Aegon has rolled out a faster, more intuitive online service for its business protection and relevant life products to help save adviser firms time and simplify the application process. It follows on from a similar upgrade to Aegon’s personal protection and whole of life products last year. Aegon said the enhanced service would enable...

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  • Advice firms predict protection market growth

    9 April 2019

    Adviser firms are predicting growth in the protection market, but are split over how to expand the market, a new survey has shown. The study from MetLife UK found advisers expect sales of individual protection to grow by 18% over the next two years. Almost two out of five (38%) say there is a...

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  • Standard Life turns spotlight on endometriosis

    1 April 2019

    One in six women who suffer from endometriosis could be forced to give up work as a result of their condition, new research from Standard Life has shown.   The long-term condition, where tissue grows beyond the lining of the womb to other parts of the body, can significantly impact sufferers’ professional and personal lives...

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  • Chancellor plans legislation to protect financial services post Brexit

    13 March 2019

    In Spring Statement Chancellor Phillip Hammond focussed on protecting financial services post Brexit, while commentators saw no reason for changes to pensions tax relief and a glimmer of hope for social care policies. Chancellor Phillip Hammond used his Spring Statement to outline plans to introduce new financial services legislation in the immediate aftermath of the...

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  • Outgoing FSCS CEO calls for more targeted approach to financial protection

    13 March 2019

    Outgoing Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has called for the regulator to prioritise protection of consumers, with over half of compensation costs resulting from mis-selling or bad advice. In his speech to the UK Finance’s Retail Banking Summit, Neale said over 60% of the £3.3 billion paid out in compensation...

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  • Claims handling bucks falling protection product satisfaction levels

    11 March 2019

    Satisfaction with claims handling has risen but overall, the protection sector should focus on the level of service it provides, Defaqto has warned, after the results of its latest protection service review revealed that industry satisfaction levels fell in 2018. The financial information business said that satisfaction levels were lower than in 2017, with...

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  • March Issue OUT NOW

    27 February 2019

    In March’s jam-packed issue we have 10 articles for you plus your usual favourites. Click here to view! Our Paraplanner Profile maps the paraplanning career of Grant Callaghan, who was Para-Sols’ first graduate recruit and is now the firm’s head of paraplanning. Rob Kingsbury spoke to him about his views on paraplanning and his...

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  • IRESS launches ‘buy now’ term assurance without lengthy underwriting process

    26 February 2019

    IRESS has launched a new adviser-accessible ‘buy-now’ term assurance option through its quote and apply sourcing engine, The Exchange, in a bid to reduce the existing protection gap.  The financial technology business said the new option provides advisers and their clients with absolute price certainty at the point of sale and enables advisers to...

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