Protection

A report into the funding of social care for older people has suggested replacing the current regime with a 'partnership' model, which provides a universal minimum level of care and offers incentives for private top-ups.

Scottish Equitable Protect has announced details of its new Pension Term Assurance (PTA) contract - "Life Protection with Tax Relief" (LPTR) - which will be available from 6 April.

The Chartered Insurance Institute (CII) and Cass Business School are launching a competition to win an MSc scholarship worth £13,500.

The Chancellor has stated there will be a review of the current exemption which exists in respect to employers promoting financial products to their employees.

Providers are concerned intermediaries could be confused by the need to present consumers with a different forms of pension term assurance (PTA) key facts documents, once they have decided whether they sell the product under ICOB or COB rules.

Financial services firms are being urged to start planning for the implementation of MiFID on the basis of Level 2 documentation already published, rather than wait for finalisation of the FSA's consultation on MiFID implementation expected later this...

Bradford & Bingley (B&B) is to use portal The Exchange to create a straight through processing platform for its advisers.

Financial services representatives have called on protection providers and financial intermediaries to consider whether ‘treating customers fairly' requirements are being met if protection and life policies are not written in trust.

The protection sector has received its biggest indication yet Swiss Re may be prepared to consider re-entering the guaranteed critical illness market, following the confirmation of a key appointment at the reinsurance giant.

Solvency coverage in some life insurance companies remains weak despite regulation by the Financial Services Authority (FSA), according to a report by the International Monetary Fund (IMF).