Professional Adviser's resident Armchair critic has nothing but praise for the Income Protection Task Force's Seven Families initiative, but can advisers take advantage?
Figures showing insurance companies declined fewer than 3,500 of more than 102,000 protection claims last year "shatter the illusion" that providers don't pay, according to stakeholders.
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Our protection detective investigates five key developments in the past month...
Aviva is to underwrite all individual income protection (IP) policies on an own occupation basis, including part-time occupations.
Bright Grey and Scottish Provident are to launch a series of enhancements to their protection products by end of October.
I am in the money, the drinks are on me. Yes, I have had a successful PPI claim. After literally years of getting those annoying phone calls, texts, and bits of junk mail through the post, I thought I would join in and make a payment protection insurance (PPI) claim.
Co-chairman of the Income Protection Task Force (IPTF) Clive Waller is to step down from his role at the end of this year.
Advisers and providers reiterated the "catastrophe" that would befall the advice sector if the incoming Financial Conduct Authority (FCA) read across a ban on commission in the retail investment market to protection.
A suite of simple products designed to help consumers navigate the financial services market is to include a whole-of-life insurance plan.
Protection provider Cirencester Friendly has called for an industry standard for disclosing income protection (IP) claims statistics.
Tom Baigrie, the chief executive of protection broker LifeSearch, has hit out at product providers for pretending to "police" advisers' relationships with their customers, a practice he dubbed "institutional petty theft".
Firms distributing 'payment protection' products - such as short-term income protection - must ensure salespeople do not have inappropriate incentives to sell them, the Financial Services Authority (FSA) has stressed in new guidance.
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