The ABI has revealed it is opposed to a public compulsion to pay for future long-term care (LTC) needs.
The Association of British Insurers has questioned the Insurance and Occupational Pensions Authority's decision to schedule a stress test during the implementation of Solvency II.
Defaqto believes the onus is on insurers to make the new ABI critical illness (CI) statement of best practice a success.
Bright Grey and Scottish Provident are remaining defiant and calling government action in the face of the European Court of Justice (ECJ) decision to ban gender based underwriting.
The ABI has published its latest update to the critical illness (CI) statement of best practice which it hopes will improve customer understanding of the product.
Following on from the introduction of sales guidelines for critical illness, COVER's sister title Mortgage Solutions has asked the industry if advisers need increased guidance in selling protection.
Does the external rating of products add value and what can advisers use them for? Ben Heffer explains
Advisers are at risk of further FSA action as miscommunication between AIFA and the ABI means many are not aware of critical illness (CI) sales guidelines released last year.
The ABI's reforms of Total and Permanent Disability (TPD) definitions on critical illness (CI) policies have not been well received by advisers.
Just 4% of the population has made firm plans to fund their future long-term care (LTC) needs while two thirds (63%) have not even considered the matter, according to ABI research.