Protection product sales in Q2 2017 rose by 4.9% on the previous quarter, reaching £147.1 million, the highest level in five years, according to analysis from Equifax Touchstone.
Mortgage term policies grew most during the quarter, up by 20.7% on Q1 to £26.2 million. This was followed by critical illness policies which experienced a 15.0% increase to £4.5 million. In addition, income protection, decreasing term with critical illness, and relevant life policies all performed positively, with sales increasing by 11.1%, 10.0% and 8.7% respectively. Term and term with critical illness policies saw minor decreases in sales of 1.7% and 1.1% respectively. The data is...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.