Protection

The protection market is shrinking and becoming more concentrated in the hands of a few providers, according to figures from the FSA.

It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.

Defaqto has warned that the public should not be turned off protection products following the fall out of the Payment Protection Insurance (PPI) mis-selling scandal.

More than 1,000 advisers are now writing protection business through Sesame Bankhall Group's panel following its launch last November, the network has announced.

Ageas Protect has almost doubled its income and nearly halved its loss over the first six months of the year.

Customers find insurance terminology and information the most difficult to understand compared to many other sectors including banking, according to new research.

Bright Grey and Scottish Provident have reported steep falls in new protection business over the first half of the year.

A shortlist has been formed for advisers wishing to attend the independent protection training after the first two sessions were fully subscribed in less than a week.

A new protection intermediary headed by former moneysupermarket.com management will launch next week.

Santander has been forced to restrict sales of protection products through its branches due to a staff training issue.