Protection

Concerns surrounding the protection market make the perfect case for the importance of tied and multi-tied advice, according to Ernst & Young.

Scottish Widows reduced the number of critical illness (CI) claims declined due to non-disclosure by 41% between 2006 and 2007, the firm reveals today.

Decisive action is needed to stem a steep decline in UK protection sales and plug a growing protection gap, according to Swiss Re.

The Association of British Insurers (ABI) is reshuffling its Protection Committee in a bid to improve the clarity and reputation of protection insurance.

The FSA has called on life offices to ensure their risk management procedures are up to scratch in what it calls a "rapidly changing business environment".

Protection firm LV= will make its 2007 claims record available to advisers to show their clients why it turns some claims away.

The FSA has fined furniture retailer Land of Leather Limited and its chief executive for failing to ensure that Payment Protection Insurance (PPI) was sold correctly.

A website designed to help advisers guide clients on the essentials of business protection has been launched by Skandia.

Comparison websites for insurance products are failing to treat their customers fairly, an FSA review concludes.

Friends Provident says its year-old stance on non-disclosure has helped reduce the number of declined critical illness (CI) claims by a third in the last 12 months.