Income Protection

One thing you can say about the recent Review of Simple Financial Products is that Carol Sergeant and her team have done their homework. If nothing else, it breaks down and builds up a clear target market for a simple income replacement concept.

The Income Protection Task Force has championed the recognition of the need for simple income replacement products in the recent steering group report on simple products.

British Friendly has been added to Sesame's approved list of protection providers.

The protection industry has said it is concerned that short term income protection is simply a new style of accident, sickness and unemployment cover, according to a poll.

Defaqto has urged advisers to protect "vulnerable" clients who are renting as the National Landlords Association (NLA) reports rising rental arrears.

The Financial Ombudsman Service (FOS) has reported a more "entrenched" attitude by both consumers and businesses across the board in health insurance complaints.

Aegon has cut individual life and income protection rates to take advantage of the gender directive.

Advisers offering protection advice are in a "very small" minority, according to PG Mutual.

The slowing of payment protection insurance (PPI) presents a significant opportunity for financial advisers to write policies that cover not just loan repayments, but also a percentage of income as well and to focus on addressing clients' wider protection...

First Complete has widened its panel of protection providers, and appointed Aviva to its income protection provider panel.