Regulation

Avelo has launched a dedicated G-day Focus Centre on its Exchange Portal to help advisers understand changes to providers' products being planned in response to the Gender Directive.

Protection advisers should fully expect a regulatory review of commission, Jelf has warned.

LV= will now switch its protection business to gender neutral rates on 10 December 2012, and is extending its ‘G Day Guarantee' to ensure all applications received before this date are processed on gender specific rates.

Brokers across the country could soon be expected to comply with an official British Insurance Brokers' Association code of conduct.

The chairman designate of the incoming Financial Conduct Authority (FCA) has said talking to regulated businesses will be a key part of his role at the regulator, and sales incentives are at the top of his agenda.

With the Consumer Insurance act coming into force in March 2013, advisers should ensure their medical assessment approach is compliant and defensible, Morgan Ash has warned.

Keith Churchouse, director of Chapters Financial, plans to launch a simplified advice platform in the New Year after earlier putting the project on hold.

Protection advisers will need to be clear when building simplified advice-style propositions to address basic client needs, an adviser firm has warned.

More than 700,000 people contacted the Money Advice Service (MAS) in the last six months, an increase of 8% compared to last year.

Lloyds Banking Group has earmarked a further £1bn to pay customers who were mis-sold payment protection insurance.