Protection

STAT ATTACK

A squeeze on services for older people in the long-term care system has been revealed by a survey of social care budgets.

New legislation to reform the long-term care system has been set out in the Queen's Speech.

The UK division of life insurance consolidator Resolution saw a drop in sales after the group shied away from "unattractive" business in the lead up to the Retail Distribution Review (RDR).

Legal & General (L&G) has seen a marked decline in lapsed policies across its protection product channels, which it partly put down to an ‘early warning system' it rolled out to advisers in 2006.

The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.

Andrew Tyrie, chairman of the Treasury Committee, and Andrew Bailey, executive director of the new Prudential Regulation Authority (PRA), have rounded on the European Union (EU) over its "shocking" implementation of Solvency II.

Aviva is to stop offering direct investment and protection advice for its customers from 31 May.

Positive Solutions, the UK's largest national independent financial advice firm, has made LifeQuote, a protection platform, available to its advisers.

PROTECTION