Defaqto has launched its Star Ratings for 2013 for consumers to compare financial products, including life insurance and protection.
The protection industry has said it is concerned that short term income protection is simply a new style of accident, sickness and unemployment cover, according to a poll.
Defaqto has urged advisers to protect "vulnerable" clients who are renting as the National Landlords Association (NLA) reports rising rental arrears.
The slowing of payment protection insurance (PPI) presents a significant opportunity for financial advisers to write policies that cover not just loan repayments, but also a percentage of income as well and to focus on addressing clients' wider protection...
Advisers have been struggling to sell income protection because clients claim not to need it, Defaqto research has shown.
Nearly three quarters of advisers (71%) believe providers should create new prefunded long term care products, but more IFAs need to advise in this sector, a free Defaqto research paper has found.
Defaqto's star rating of private medical insurance products has excited controversy among many players in the sector. Ben Heffer explains the rating agency's case.
Defaqto has changed its ratings on some private medical insurance (PMI) products and more are expected after it received stinging criticism from intermediaries.
Medical insurance brokers have branded Defacto's new private medical insurance (PMI) star ratings as ‘highly dangerous and not in the best interest of customers'.
Defaqto has released its Star Ratings for private medical insurance (PMI) for the first time.
Choosing the right provider is key to advisers considering the business protection market Defaqto has said in a new guide to the sector.
More people have used professional advice when considering financial products than a year ago but the majority still do not see it as necessary, according to research.
The latest issue of COVER included a report that some members of the protection provider community, including the ABI, were unhappy with the way third party agencies rate products.
The Competition Commission's first set of remedies for payment protection insurance (PPI) were introduced on Saturday.
Defaqto and other ratings agencies have been attacked for "driving the wrong behaviour" by encouraging product complexity and being "in danger of misleading consumers".
Defaqto has released a guide to short-term income protection (STIP) and said it believes new opportunities are emerging in the market despite the mis-selling of payment protection insurance (PPI).
It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.
Defaqto has warned that the public should not be turned off protection products following the fall out of the Payment Protection Insurance (PPI) mis-selling scandal.
Defaqto's publications have been recognised as contributing to continuing professional development (CPD) by the Institute of Financial Planning (IFP).
Defaqto has published a free guide highlighting opportunities in the critical illness sector for advisers.
Consumers are becoming more confident in shunning specialist financial advice and purchasing financial products online, according to new research.
Defaqto has said it believes short term income protection (IP) products are likely to become the replacement for payment protection insurance (PPI).
Protect has confirmed representatives from the Protection Review, Income Protection Task Force and Defaqto will be speaking at its May meeting.
Defaqto has called the European Court of Justice's (ECJ) ruling to ban gender based pricing as "probably the biggest change to affect the life and protection industry for a long time."