News

RBS is set to follow Lloyds Bank's example and put more money into its payment protection insurance (PPI) compensation fund, according to reports.

Partnership's managing director of care Chris Horlick told MPs that the long-term care debate has moved on, as he gave evidence at an independent committee on long-term funding.

The annual cost of long term care (LTC) in the UK is expected to rise from £26,000 per person per year to £33,000 by 2025.

Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for Retail Distribution Review (RDR) implementation.

Consumers remain confused about how they should best plan for their future care needs, the Actuarial Profession has concluded.

Nearly two-thirds of expatriates are taking the risk of not having any life or income protection insurance in place.

Advertising, better processing and tax relief would provide the best boost to protection sales over the next 10 years, according to the latest stats from the Protection Review survey.

Health Shield has joined an industry group dedicated to tackling the growing problem of healthcare fraud, such as medical negligence, benefit cheats and scams, becoming an associate member of the Health Insurance Counter Fraud Group (HICFG).

Lloyds Bank has announced that its payment protection insurance misselling has cost it a further £375m.

The Financial Services Authority (FSA) has confirmed that the 30-month rule applies to most Retail Distribution Review (RDR) activities.