Income Protection

A quarter (25%) of the UK workforce have taken out pet insurance yet only 7% are protecting their income with self-employed people being particularly vulnerable to financial risks, research has found.

LifeSearch has guaranteed its advisers will only recommend ‘own occupation' income protection in a bid to ensure customers will receive a payout if they cannot do their own job as a result of illness.

The Income Protection Task Force (IPTF) has backed Pink's new standard compelling every adviser in its network to discuss income protection with clients from their very first mortgage meeting.

Defaqto has released its 2015 star ratings for financial products, including protection policies, giving each a rating from 1 to 5.

LV= has announced its protection sales in 2014 were worth £217m, an 11% increase on 2013.

Cirencester Friendly paid £3.3m in sick pay benefit for its income protection customers in 2014, with 94% of eligible claims paid.

Canada Life has announced that its Early Intervention Service (EIS) has seen 47% of referrals result in a return to work.

Group life assurance is offered by 36% of employers a survey by Group Risk Development (GRiD) has found.

London & Country Mortgages has announced it will donate £1 for every case where customers arrange one or more policies in 2015 to Winston's Wish.

Paradigm Mortgage Services has announced a series of events for advisers including best practice in the protection industry.