June 2019


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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...

  • 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...

  • 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...

  • 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...

  • Defaqto launches critical illness comparison tool

    17 February 2019

    Defaqto has launched a critical illness cover comparison tool, designed to compare new and historical policies. CIC Compare uses historical data to allocate scores to the main critical illness definitions of all policies dating back to 2009, allowing advisers to compare not just the current versions of products but earlier versions as well as...

  • SMEs looking to increase pensions and benefits for staff

    13 February 2019

    Small and medium sized business owners are set to place greater emphasis on benefits and pensions over the next two years in an effort to boost retention and recruitment levels, new research has shown. In MetLife’s study of companies employing between 50 and 300 staff – which make up around 34,000 businesses across the...

  • Adviser firms missing intergenerational and legacy planning opportunities

    5 February 2019

    Adviser firms are not engaging with clients’ next generations, new research from Octopus Investments has shown, and so are missing opportunities.  Most adviser firms surveyed said they had an existing relationship with only 20% of their clients’ beneficiaries, while 58% said they were actively trying to develop these relationships. However, the overwhelming majority (95%)...

  • MetLife’s MultiProtect product now available through iPipeline Solutionbuilder

    31 January 2019

    MetLife has teamed up with iPipeline to grow the distribution of its accident and hospital cover product MultiProtect, as it seeks to grow the financial protection market in the UK.  MultiProtect will be available to selected distributors who use iPipeline’s protection sourcing solution, SolutionBuilder. It offers policyholders payouts of up to £250 a day for...