Income Protection

British Friendly has launched its income protection (IP) product with network Positive Solutions.

Benefit claimants face reduced payments if they fail to perform certain work-related activities, according to new regulations which come into force today.

Ageas has made a range of amendments to its income protection cover available as part of the YourLife product.

The protection sector has a "colossal opportunity" to expand after the Retail Distribution Review (RDR) but many IFAs lack protection knowledge and those that do have it do not use it, according to new research.

Cirencester friendly has reduced its nurse screening and GP administration times to get policies on risk faster.

A third (33%) of UK households could not cope financially if they lost their main income yet only 7% of the population has income protection (IP), according to research.

Unum has ceased writing new business in the individual critical illness (CI) market.

Defaqto has said it believes short term income protection (IP) products are likely to become the replacement for payment protection insurance (PPI).

The fit note is not reducing absence yet as sickness time off increased to 190 million lost working days at a cost of £17bn to employers last year, the Confederation of British Industry (CBI) has said.

Cirencester friendly has increased both premium income and membership in the last year.