News

Legal & General (L&G) has branded advice too expensive to produce products to support the Government's reduction on welfare spending.

Both existing and new international customers can claim premium discounts of up to 20% in a reward scheme launched by Expatriate Healthcare.

The ABI has discounted fears of a pan European regulatory clash, as both the UK and the EU authorities overhaul their supervision of financial services.

Bupa has announced a price revision for its critical illness rates.

Citizen's Advice has criticised George Osborne's targeting of sickness benefits in a summer spending review aimed at cutting the £155bn deficit.

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.