The Consumer Prices Index (CPI) measure of inflation fell to 2.4% in June, from 2.8% in May, official figures show.

Kevin Carr looks at five key developments in the world of protection in June...

Zurich UK Life is to restructure the business into a three-pronged proposition, with one unit to cater for all pre-retail distribution review (RDR) business and products.

WELL FAIR REFORM?

The proportion of complaints referred to the Financial Ombudsman Service (FOS) relating to independent financial advisers (IFAs) is continuing to fall.

Aviva has reported a buoyant first quarter in protection, with sales up a fifth on last year.

The Financial Services Authority (FSA) has told banks the new regulatory system will push them to weed out potentially harmful products and demand they pay particular attention to treating customers fairly.

KEVIN CARR

The UK savings crisis can be partly attributed to the lack of any government-led savings policy, a report by the Institute of Directors (IoD) argues.

The FSA today said individuals making personal recommendations to retail clients via a simplified advice process must be qualified to the same minimum standard as those providing full advice.