News

The Government's overhaul of the long term care sector has been delayed at least 18 months, according to papers seen by the Financial Times.

Private companies are to bid for contracts to run all aspects of people's long term care (LTC), including medical care, at six pilot sites, under a new Government scheme.

The Income Protection Task Force has completed a draft Charter setting out the obligations and opportunities of companies selling Income Protection.

Friends Life has increased the commission advisers receive on its income protection policies by approximately 15% in a bid to bring it into line with commission received on critical illness and life products.

Three-quarters of employees suffering with stress related problems are able to return to work within six months, according to Legal & General data.

Simplyhealth has completed its purchase of fellow health insurer Groupama Healthcare and revealed it will release a new private medical insurance product in the autumn.

Ratings agency Standard and Poor's said UK building societies have survived the financial crisis in better health than the UK banking industry as a whole, in a report.

The Chartered Insurance Institute has launched an Insurance Competency Framework enabling businesses and individuals to determine the competencies individuals need to effectively fulfil their job roles.

The Financial Services Compensation Scheme (FSCS) has more than doubled the annual levy for financial advisers for 2012/13, largely as a result of known claims relating to Arch Cru and MF Global.

Failure to reform the long term care (LTC) system could force the closure of parks, libraries and public toilets the leaders of every major council in England and Wales have warned.