Defaqto

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".