FSA budges in protection total premium row

The Association of British Insurers (ABI) says it has agreed with the regulator to conduct research to find out how consumers would prefer to see the cost of insurance expressed over the expected policy term. It adds it will consult on and develop a "consistent and timely approach to implementing" the directive, effectively ruling out a blanket introduction. The move was initially introduced for mortgage payment protection insurance (MPPI) sales in July last year but was extended, in December, to cover individual life, income protection (IP) and critical illness (CI) policies. Nick Ki...