News

Swiss Re has reported "strong underwriting, good investment performance and lower than-expected major natural catastrophe claims" for a "very strong first-quarter" net income of $1.1bn compared to a loss of $665m for Q1 2011.

The Financial Services Authority (FSA) has told banks the new regulatory system will push them to weed out potentially harmful products and demand they pay particular attention to treating customers fairly.

Since 2006 Legal & General have paid out over £1.5 million as part of their early notification bonus scheme.

Aviva and Pink have today launched a Protection Academy providing industry entrants and mortgage advisers with training to expert level on how to sell protection products

Partnership has called for a greater promotion of equity release and annuities, as it finds 41% of over 45s would use property sales or rentals to fund care.

Insurance firm Aviva has suffered an embarassing blow after more than half its shareholders voted against its proposals on executive pay at its annual general meeting today.

Royal assent has been given to the Legal Aid: Sentencing and Punishment of Offenders Act (LASPO) 2012, which removes legal aid from a series of welfare issues.

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.