Planet Insurance

clock

I welcome the publication of the new Income Protection (IP) Task Force White Paper.

It is an excellent and challenging document. The Task Force have rightly called for publication of claims data but the issues on IP claims go beyond the non-disclosure and meeting the definition of issues that drove industry progress on Critical Illness (CI). For IP, a key point is not so much if you get paid or not – but how much you get paid. The stats should cover these issues too. That leads me to three areas for industry standardisation where there can be consumer detriment. As the White Paper points out, it has been the failure to identify consumer detriment that has prevented prog...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Consumer Duty: Two years on – the protection impact

Consumer Duty: Two years on – the protection impact

Impact on the market and next steps

Jaskeet Briah
clock 01 August 2025 • 5 min read
Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

'Listening to younger people is as refreshing as it is challenging. But ignoring it isn't an option'

Kevin Carr
clock 24 July 2025 • 4 min read
Group life cover excluded from IHT liability

Group life cover excluded from IHT liability

HMRC decision on protection and inheritance tax

Cameron Roberts
clock 23 July 2025 • 2 min read