Protection

The Association of British Insurers is calling for the abolition of the ‘age 70 rule' to make it easier for people with a protection need over age 70 to buy life and protection insurance.

The majority of advisers recommend clients reduce the sum assured rather than buy a cheaper critical illness policy where price is a barrier to taking one out, according to Skandia.

Welcome to my first ever blog. As protection director at Scottish Widows and chairman of the ABI protection committee it'll come as no surprise that my hot topic in the months ahead will be all about protection.

Research often shows a divide between men and women's level of savings and financial awareness, but it may be because women are more likely to admit when they don't understand something.

Nearly one third of consumers have never reviewed their protection needs, suggests research from Aegon Scottish Equitable.

The Financial Services Authority has set out its likely proposals for implementing the client categorisation provisions in the Markets in Financial Instruments Directive (Mifid).

Scottish Widows is developing a menu of protection products for intermediaries and is asking for their thoughts on what features should be included.

As a manager closely involved in the Financial Services Authority's insurance regime, Stephen Walton warns the regulator will be taking a much tougher stance from now on towards firms which breach its rules.

Standard Life has announced its pension term assurance Life Insurance with Tax Relief (LITR) is now available online.

Financial adviser firms still need to improve their 'treating customers fairly' (Tcf) practices, according to the Financial Services Authority (FSA).