Income protection (IP) is in the news for a number of reasons right now.
Firstly, the recent IP Task Force white paper suggested how the industry can tackle its remaining issues on IP. Secondly, the dust has started to settle on the Competition Commission's (CC's) paper on Payment Protection Insurance (PPI) and 'short term IP' (although their exact definition of what this is exactly still needs to be clarified). As a result of the CC ruling three things have started to happen: Those who sold PPI feel hurt by the CC's ruling, may well have a need for a replacement product, and are trying to figure out where to go next. The pressure is on. Providers who of...
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