“They were trying to sell an Income Protection policy to me without even checking what my occupation, earnings, or health was.”
Advisers could be forced to collect and share client information on non-advised business with providers under new rules mooted by the Financial Conduct Authority (FCA).
Ensuring direct-to-consumer (D2C) platforms do not stray into advice has become an "obsession" that is ultimately stunting innovation, a report has concluded.
Financial Conduct Authority (FCA) chief executive Martin Wheatley struggled today to answer calls from the Treasury Select committee (TSC) for clarity around advised and non-advised online sales.
The protection market has started to recover over the last year, but it is being propped up by resurging critical illness sales, according to FSA figures.