News

A Public Accounts Committee report released today has revealed that claims management companies charged victims of the PPI scandal £5bn out of compensation they ought to have received in total.

Consumer education also targeted as an area for improvement

British Friendly has launched its new brand today to represent the innovation and modernisation it has undergone as a business over recent months.

Aegon increased its protection sales in the UK by 18% according to the insurer's QI results.

Royal London Protection Intermediary sales increased by 37% to £147m, according to the insurer's new business results for the 3 months ending 31 March 2016.

Legal & General paid 96% of all group protection claims in 2015, worth a total of £266m - representing almost a fifth (18.88%) of the industry total of £1.4bn.

Govt plans to make significant changes

Munich Re has seen its quarterly profits fall by 45%, causing the group to revise downward its annual profit forecast.

Latest Treasury figures

Cirencester Friendly experienced total income growth of 5.2% from £16.7m in 2014 to £17.6m in 2015, its 126th Annual Report and Accounts have shown.