The Department of Work and Pensions (DWP) has released details of its roadmap to improve working lives for sick and disabled people, following the publication of the 'Improving Lives' green paper.
COVER is awaiting further details from the DWP, but as it currently stands the roadmap does not mention any role for group income protection, despite previous engagement with the insurance industry. The DWP published that there will be an extension of fit note certification beyond GPs to a wider group of healthcare professionals including physiotherapists, psychiatrists and senior nurses. The DWP said the government would "responding in full" to the 40 recommendations of the Stevenson/Farmer...
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.