Defaqto

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."

Defaqto believes the onus is on insurers to make the new ABI critical illness (CI) statement of best practice a success.