Insurer Zurich paid out on 94% of its critical illness policy claims last year, up from 90% in 2012, latest statistics show.  

Pensioners could have to pay out £150,000 on long-term care before the government will step in, according to the Labour party.

The Financial Conduct Authority (FCA) will be tougher than its predecessor but its more open approach has improved its standing in the industry, Keith Richards has said.

More than a quarter of advisers saw preparation and implementation of the Retail Distribution Review (RDR) as the "toughest" period in their professional life, a survey has found.

The government has promised people will not be forced to sell their homes to pay for care in old age after a proposal to restrict eligibility to defer payment was exposed.

Legal & General is in talks with Unite over potential redundancies at from its protection and savings division.

Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

The Prudential Regulation Authority (PRA) has approved the change in control required for the purchase of Co-operative Banking Group's life insurance business Co-operative Insurance Society (CIS) by mutual Royal London.

The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.

Partnership Assurance Group has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.