Individual Protection

At a summit, a group has called for industry-wide standardization of the PPI claims process to fight "unscrupulous claims management firms," and simultaneously took a side swipe at government inaction.

Aviva's income protection cover provided payments totalling more than £29.5m in 2011, helping around 2,600 customers and paying out on over 91% of income protection claims in 2011.

Cirencester friendly is replacing its legacy IT systems.

The joint chair and founding member of the Income Protection Task Force has thrown his weight behind COVER's campaign against the use of list based definitions in income protection policies.

LV= has backed COVER's IP Campaign and is considering alternatives for its remaining occupations which have a list based definition of incapacity.

Friends Life has made premium rate reductions of up to 6% for sums assured of £30,000 and above on its Protect+ critical illness policy.

Each of the nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at the historic low of 0.5% this month, minutes from their latest meeting show.

Financial advisers, Drewberry Insurance, has launched an income protection (IP) tool to help consumers understand which occupation definition they are likely to be offered, based on four key aspects of the individual's job.

Consumer group Which? has listed task-based income protection cover and absolute return funds among a list of 'financial products to avoid'.

Four in ten Britons are afraid that getting a serious illness would be a significant detriment to their living standards, according to research.