The Liberal Democrats have passed a policy motion to urge the government to accept the recommendations in the Dilnot Report on long term care (LTC).

(Updated) Friends Life is to separate its open and closed books of business as part of parent company Resolution's UK Life project.

Direct Line has stopped writing any new life or critical illness business from today.

Advisers, providers and elderly charities welcomed the Dilnot report, but urged the government not to kick the recommendations into the long grass.

The Dilnot Report on care funding today suggested its recommendations, if adopted, could kick-start pre-funded products in the long term care (LTC) market.

Royal London this morning confirmed it has completed its takeover of Royal Liver.

Jonathan Rees, director general of the Government Equalities Office, has reassured insurers there will not be a ban on age-based insurance pricing in the near future.

Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

Long term care (LTC) insurance products will remain niche in spite of a growing need unless people are forced to buy them, the OECD said.

New business at Royal London's protection arms Bright Grey and Scottish Provident fell 14% over Q1 2011 compared to the same quarter last year.