News

Legal and General has reported half of group income protection queries have been about retirement age implications for benefits.

Capital Economics expects the Bank of England to cut the UK's base rate from 0.5% in an effort to stimulate growth, after last week's GDP figure showed the economy is shrinking faster than feared.

A decision by HSBC to set aside a further £340m to fund payment protection insurance (PPI) compensation claims has taken the amount banks have now earmarked for PPI mis-selling redress to almost £10bn, a report says.

Financial advisers working in banks will have a tougher time than IFAs persuading clients to part with a fee for their services, research suggests.

Aviva is preparing to sell its US division at an estimated loss of £800m, according to reports.

The Financial Services Consumer Panel has made six recommendations to ensure the incoming regulatory structure will be "smarter, faster and bolder" than the FSA.

Friends Life has outlined its approach to RDR including individual and group protection changes.

LV= has announced its half year 2012 life sales results reporting a protection business increase of 20%.

Macmillan Cancer Support has welcomed the "greater clarity" around cancer networks in the NHS Commissioning Board Special Authority report on the future of strategic clinical networks.

The Department of Health has commissioned an national initiative to make £2.4m available for dementia support workers to complete accredited qualifications.