Protection

Protection specialists have welcomed the conclusions on the sale of pure protection released today by the FSA in PS10/13.

The FSA has confirmed group business is exempted from commission disclosure requirements laid out in PS10/13, since it was not the intention of the RDR to bring commercial group risk into its scope.

Firms can 'make a judgement' about when pure protection services are associated with investment advice as the FSA settles on a more relaxed disclosure regime under COBS.

Bronek Masojada, the chief executive of Hiscox has called for a separate trade body to represent the interests of general insurance from those of the life and savings sector.

Protection is unlikely to join the national employment savings trust (NEST) project following a meeting between Government representatives and counterparts from the group risk industry.

Openwork is running a series of road shows to mark the launch of its new protection panel.

I was saddened to read of the death of the French cyclist and sporting icon Laurent Fignon.

Pioneer and Exeter Friendly have confirmed they will come together under the Exeter Family Friendly name and the provider says it will focus on selling its products through intermediaries.

Ellipse is holding a series of breakfast events for advisers in advance of launching their online group risk system towards the end of the year.

Gen Re has backed a community rated income protection (IP) product to compliment state benefits and called on the industry to add its support to the proposal.