ABI

An insurance fraud police unit is to be set-up, paid for through a police-private sector partnership.

Businesses are seeing budgets stretched in many ways, but, as Owain Thomas found, advisers who are creative with solutions could produce a windfall for themselves in the group critical illness market

HM Treasury (HMT) is suggesting simplified financial products should be defined as sellable without advice.

Philippa Gee, managing director of Philippa Gee Wealth Management, has digested Dilnot's proposed reforms on care home funding and found a few things which stick in her throat...

The ABI has voiced its concern over the lack of clarity surrounding legacy rules and said the regulator's latest stance marks a "fundamental" change to the Retail Distribution Review (RDR).

The middle classes should pay the first £35,000 of their old age care and be encouraged to take out insurance to cover costs, according to reports.

Failure to act on the Dilnot Commission would be 'catastrophic', according to the ABI, Society for Later Life Advisers (SOLLA) and other bodies in the long term care (LTC) sector.

Jonathan Rees, director general of the Government Equalities Office, has reassured insurers there will not be a ban on age-based insurance pricing in the near future.

Zurich has amended its critical illness (CI) plans and produced a multi-media pack to help advisers promote the benefits of the product's cover.

Any new legislation implementing private sector involvement in supporting the welfare state will not happen until a potential second term, according to the ABI.