Protection

Perhaps it's just me, but I'm beginning to think that our industry should stop banging on about how commission only fails everyone.

Lincoln Financial Group is looking for opportunities in the high net worth market above and beyond its current provision.

Lifesearch has raised concerns Friends Provident's agreement to sell life assurance through John Lewis will not meet 'treating customers fairly' requirements.

Friends Provident has upgraded its online underwriting system to enable IFAs to amend protection applications after the policies have started.

The Financial Services Authority's intention to apply the Markets in Financial Instruments Directive suitability requirements to non-MiFID firms is "unhelpful" for IFAs, says the Association of IFAs.

IFAs and providers are calling for further clarification on whether proposals to introduce a ‘non-contestability' period into life insurance policies would apply to deliberate non-disclosures.

Defaqto has proposed a six point plan to revitalise the income protection market and re-build consumer confidence.

An IFA is writing to insurers for clarification on how many critical illness claims they turn down because the policyholder has not suffered chest pain during a heart attack.

The Law Commission is considering introducing a ‘non-contestability' period into life insurance policies, which would make insurers prove non-disclosure within a set period of time.

The Law Commission is proposing insurers should only receive a remedy for non-disclosure where the non-disclosure is ‘material' and the consumer acted fraudulently.