News

Legal & General is offering indexation on life insurance, critical illness and income protection products on a ‘pay as you go' basis, and giving advisers an up-lift in commission of 10% LIC for introducing business with an indexation option.

Axa's Protection Account has been added to the Webline portal's menu based product range.

Advisers will need to complete a minimum of 35 hours of relevant CPD each year, according to the FSA's latest Retail Distribution Review paper.

The FSA says it needs more time to consider the costs and benefits of introducing professional requirements for advisers selling pure protection.

The Financial Ombudsman Service (FOS) has highlighted examples of bad protection advice from complaints referred to it during the recession.

Axa have re-affirmed their commitment to the private healthcare market and its Bluefin adviser group after selling its Life business to Resolution for £2.75bn.

Resolution has bought Axa's UK protection business as part of a deal for the whole of its Life organisation worth £2.75bn.

Chancellor George Osbourne has announced insurance premium tax (IPT) will rise.

Medical assessments are to be introduced for those in receipt of the disability living allowance from 2013, the chancellor George Osborne has said.

Royal Liver and Royal London have successfully completed the first stage of merger talks and have signed an agreement setting out the framework for ongoing discussions.