News

A third of incapacity benefit (IB) recipients being reassessed for Employment and Support Allowance are being found too sick to work at all, according to government statistics.

Protection and medical insurance complaints are on course for a significant drop in volume during 2010/11, according to the latest statistics released by the Financial Ombudsman Service (FOS).

Advisers have expressed their shock at revelations a European Court ruling could require insurance contracts to be altered retrospectively and see some providers close to new business.

Paymentshield has announced a 10% increase in upfront commission available to brokers.

Cancer sufferers awaiting chemotherapy and those between courses will now be treated the same as patients already receiving treatment when claiming Employment and Support Allowance (ESA).

The Association of Medical Insurance Intermediaries (AMII) has branded the proposed 57% increase in 2011's Financial Services Compensation Scheme (FSCS) levy as "unfair, excessive and totally inappropriate."

Women are increasing their earning power but less likely than men to have financial protection should they suddenly be unable to work, according to new research.

Some protection and private medical insurance (PMI) providers could be forced to immediately close to new business on 1 March when a European Court decision on gender underwriting is announced.

Unum has launched the UK's first fully fledged group risk scheme that can be fully funded by employee contributions alone.

Paul McMahon has stepped down as director of corporate at Friends Provident to become group marketing director at rival Aegon.