Protection

V.I.P

Fiona Murphy asks whether a pensions overhaul could help encourage people to save for their long-term care needs

Lloyds Banking Group has made a further £750m provision for expected claims against its sales of payment protection insurance (PPI), taking its total commitment beyond £8bn.

FIVE THINGS

QUICK QUIZ

Royal London is scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single "master brand" for its UK life, pensions and investment businesses.

APPY TIMES

The Association of British Insurers (ABI) has announced that three members of its executive team, including Stephen Gay and Maggie Craig, are to leave the trade body.

We are inviting advisory firms to enter the Professional Adviser Awards 2014.

The Financial Conduct Authority (FCA) has said it is reassured by the progress banks have made in moving away from incentives-based sales models but it is still concerned about how investment and protection products are sold to consumers.