Business

Equity release sales post increase

FCA removal of commission on protection products would be a "complete disaster" but could happen, adviser network Tenet has warned.

Adviser network Pink has launched a business protection club as the next stage in its adviser protection development programme.

Economic uncertainty has sparked an increase in people setting up small businesses, advisers have said.

Strong performance in Aviva protection and "at retirement" sales has driven a slight increase in long-term sales, the provider's 2012 preliminary results show.

HSBC has joined Barclays in removing all sales incentives from its frontline staff.

PricewaterhouseCoopers has reported resounding optimism among insurer chief executives despite the poor economic forecasts.

Zurich is set to offer its protection proposition on its retail platform later in the year, to offer IFAs a complete holistic view of financial plans.

IFAs have lost significant protection policy renewal income following G-Day price hikes, an adviser has said.

It's been some years since Dan Waters from the FSA first expressed concern about the use of platforms by advisory firms.