News

Terminally ill cancer patients and people undergoing chemotherapy are being threatened with benefit cuts if they do not attend back-to-work interviews, Macmillan Cancer Support and Citizens Advice have warned.

Bupa has revealed critical illness non-disclosure resulted in only 2% of payout refusals between January and September 2009.

Legal & General (L&G) has increased the maximum benefit on its Group Income Protection scheme from £300,000 to £350,000 for all new and switching schemes.

Individuals should contribute towards future long term care costs but insurers will face a difficult task providing schemes to suit, according to a survey conducted by law firm Pinsent Masons LLP.

Swiss Re has said the insurance and reinsurance sectors will continue their "U-shaped" recoveries in 2010 alongside the major global economies.

Scottish Provident has launched an online tool kit, giving advisers the information to quickly and effectively pinpoint the relevant protection requirements for their clients.

The FSA's protection proposals under the Retail Distribution Review (RDR) have been applauded, but with a few points to clarify.

Law Commission proposals on non-disclosure intend to clarify rules over when an adviser is representing a customer and when they are acting for the insurer, writes Owain Thomas and Laura Miller.

Senior industry figures have questioned Conservative plans to transfer regulatory powers from the FSA to either the Bank of England (BoE) or a new consumer protection body.

Swiss Re says the insurance and reinsurance sectors will continue their "U-shaped" recoveries in 2010, alongside the major global economies.