Protection

Compensation payments due to consumers mis-sold Payment Protection Insurance (PPI) slowed in January for the first time since September, with £403m paid in redress.

In this week's quick fire poll we ask: Could pre-funded long-term care insurance products come back into fashion if they had an annuity underpin?

CONDENSED NEWS

The number of complaints related to advising, selling and arranging rocketed from 647,000 in the first half of last year to almost 1.1 million in the second half, according to figures released by the FSA today.

Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.

Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit for purpose life company and a closed life fund consolidator.

Aviva's director of distribution development, Dean Lamble, has left the company after just over a year in the position.

Towergate Financial has acquired the financial planning business of the Melton Mowbray Building Society.

Comparison sites are failing to provide consumers with the best deal and should be strictly regulated, Which? has said.

ODD CASE