Just one quarter of people in employment prior to successfully claiming Employment and Support Allowance (ESA) had returned to work 18 months later, the Department for Work and Pensions (DWP) has found.
Almost 30 million protection policies were in force last year with consumers receiving over £32m per day in benefits, according to the ABI.
Subscribers to the Protection Review believe the industry should address perceived problems with Activities of Daily living (ADL) & Activities of Daily Working (ADW) definitions for income protection policies.
A buyers' guide to short-term income protection (IP) and mortgage payment protection insurance (MPPI) has been launched to assist consumer awareness of the products.
Exeter Family Friendly is believed to be one of the first insurers to publicly revamp its protection products to accommodate the European Court of Justice (ECJ) ruling on gender based pricing.
Cirencester friendly's income protection (IP) product has been added to Intrinsic's protection panel.
Cirencester friendly has said IFAs should not be held solely responsible for ensuring the working population is properly protected, but warned the FSA is watching them.
Not only will the needs of each and every client who needs a protection policy differ, but advisers also have to factor in the different underwriting processes of providers...
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).
Employment and Support Allowance (ESA) claimants are the most dissatisfied with their service from the Job Centre, according to the Department for Work and Pensions (DWP).