News

There is an urgent need to assess long term care in terms of the benefits it brings, rather than its costs, if funding allocation arguments in local councils are to be won, experts have said.

APFA has confirmed it has no intentions of creating a stand-alone focus on protection amid industry lobbying about the need for a more prominent, unified voice within an existing adviser trade body.

Aviva is to cut more than 6% of its global workforce with 2000 roles across the UK, Europe and Asia being made redundant.

A quarter of protection advisers at a recent industry body training session said they were keen to ditch multi-application approaches in favour of more efficient pre-underwriting processes.

The Financial Conduct Authority (FCA) has set out the steps it will put into action in the event of a regulatory failure.

Exeter Family Friendly has published statistics for income protection claims in 2012.

Advisers are showing increasing interest in restricted advice models, but the majority are still trading with independent models, Aviva has reported.

Robert Sinclair expects MAS to be extinct by 2015

Friends Life has no current plans to publish income protection claims statistics, citing concerns about inconsistent and differing criteria.

LV= paid out 95% of underwritten protection claims in 2012. This includes 99% of life cover claims, 91% of critical illness claims, 88% of income protection claims, and 98% of unemployment claims.