News

Terminally ill cancer patients and people undergoing chemotherapy are being threatened with benefit cuts if they do not attend back-to-work interviews, Macmillan Cancer Support and Citizens Advice have warned.

The FSA's protection proposals under the Retail Distribution Review (RDR) have been applauded, but with a few points to clarify.

Senior industry figures have questioned Conservative plans to transfer regulatory powers from the FSA to either the Bank of England (BoE) or a new consumer protection body.

Individuals should contribute towards future long term care costs but insurers will face a difficult task providing schemes to suit, according to a survey conducted by law firm Pinsent Masons LLP.

New initiatives to be undertaken in new year

Bupa has revealed critical illness non-disclosure resulted in only 2% of payout refusals between January and September 2009.

Financial services advisers are very optimistic about their business growth prospects in 2010, according to research from paaleads.

Scottish Provident has launched an online tool kit, giving advisers the information to quickly and effectively pinpoint the relevant protection requirements for their clients.

Axa has enhanced its critical illness (CI) cover following a product review and consultation with advisers.

Legal & General (L&G) has increased the maximum benefit on its Group Income Protection scheme from £300,000 to £350,000 for all new and switching schemes.