Individual Protection

Simple products, commission removal on protection and universal applications were on the agenda yesterday in a Cover Forum panel debate.

Auto-enrolment will be a positive for life insurers but the FSA break-up will likely stifle business, an actuarial consultant has said.

Gender-targeted products will emerge once gender-neutral and I-E tax price changes have settled down, a Cover Forum panel debate said.

Two marketers acting on behalf of claims management companies have been fined £250,000 by the Information Commissioner's Office, in the first case of its kind.

Establishing a clear income replacement proposition in time for February's final Review of Simple Financial Products could be "unlikely", Swiss Re has said.

People would have to be "quite affluent" to pay for individual protection in this tough economic climate, a senior MP has said.

Bright Grey and Scottish Provident have announced their plan for Gender Directive pipeline business.

Advising on protection policies and writing in trust should not be a disjointed process, a tax and legal consultancy has said.

Advisers are missing out on £22,644 of potential protection business from existing clients, a client management system has shown.

Policy exclusions and trust are secondary to cost as barriers to protection purchase, Mintel and Global Market Insite (GMI) statistics have shown.