Protection

Aviva has reduced the turnaround time for life cover medical evidence assessments with all underwriting decisions now being made within 24 hours.

A 'read-across' of the retail distribution review (RDR) to the protection space remains a possibility and intermediaries must continue to lobby hard to prevent it, an industry consultant said.

Good afternoon readers,

Unum has unveiled its marketing strategy which will include consumer focused television adverts later this year.

Aegon has increased its medical underwriting limits for its life and critical illness (CI) protection proposition.

Friends Life has announced its senior protection management team which will control the single protection proposition to be launched later this year.

More than half of Britons do not think they need to buy extra insurance because of the government's welfare reforms and big society agenda, new research has found.

Vince Cable has admitted Britons will have to take greater responsibility for their own protection needs in the future following the welfare reforms.

The insurance industry still has an image problem with the general public which the new regulatory structure is unlikely to help, according to research by the ABI.

The Financial Ombudsman Service (FOS) has hit out at the FSA for not intervening to tackle the Payment Protection Insurance (PPI) problem sooner and criticised the industry for being addicted to regular mis-selling scandals.