The Financial Conduct Authority (FCA) has proposed to raise the levy it collects from advisers by 4.7% to £77.1m for the coming year.
In a consultation out on 18 April the regulator proposed to collect £3.4m more from advisory firms to cover its running cost than last year when it raised £73.7m. However, it estimated there would be 2.9% more advisory firms operating in the market this year - 9,779 in total - which would lead to a 3.7% reduction in rates paid by individual firms. The fees are based on an estimated tariff of £29.2bn and follow a rebate of £4.4m, or 5.7%, from last year. The FCA also proposed to raise the...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.