Income Protection

Firms distributing 'payment protection' products - such as short-term income protection - must ensure salespeople do not have inappropriate incentives to sell them, the Financial Services Authority (FSA) has stressed in new guidance.

Dg mutual, an income protection specialist for self-employed professionals, paid out 99% of claims for the fifth year running.

Protection specialist and former Associate Director of the ABI, Nick Kirwan has joined the executive team of the Income Protection Task Force.

LV= is "intensely" monitoring gender split risks after reporting massive sales figures in the run up to G-Day.

The industry is continuing to report pre G-Day sales spikes as it moves beyond the deadline.

Insurers need to act now on their failure to "engage adequately" with customers about gender neutralisation, an insight agency research has warned.

With sales of individual IP on the slide, industry is agreed something needas to be done. However, as Nicola Culley discovers, opinion is divided as to how to reverse the decline.

Product innovation is a term I continue to hear regarding income protection (IP). What do we need to do as an industry to engage the millions of people with a pressing need and ensure IP sales gather pace?

The majority of UK adults have no awareness of limited state support should they be unable to work through illness or disability, according to Zurich research.

Young adults have classed themselves as financial dependants without insurance or savings, Bright Grey has reported.