News

The Bank of England's Monetary Policy Committee (MPC) should hold off on raising interest rates even though its stated threshold for doing so - a fall in the unemployment rate to 7% - is in sight, according to a report.

Confidence and overall business volumes in the life insurance sector ‘rose strongly' over the past three months to its highest level since the Retail Distribution Review (RDR) was introduced, a survey suggests.

The Association of Medical Insurers and Intermediaries (AMII) has praised what it described as ‘long overdue' recommended changes to the private healthcare market.

Lifestyle risk factors are more prevalent among low income earners, a study has found, demonstrating a direct link between income and health.

Group risk insurer Ellipse has re-launched its group income protection (GIP) product, Interact, after revising the pricing basis.

LifeQuote has added critical illness (CI) to Quote+ which it expects to lead to higher conversions for brokers and more clients accepted at standard rates.

Income protection (IP) has scope for a money-back guarantee so the premium is returned to the consumer in the event it does not pay out as expected, delegates heard at the launch of the IPTF's Signposts for Income Protection.

Skandia has announced it has added joint life last death rates to its market-leading Rolling Term life cover.

The Money Advice Service (MAS) has revealed how few hits income protection (IP) has received on its website and is supporting industry initiatives to promote IP to consumers.

There are significant opportunities for income protection product design and greater coverage as the new system of state benefits is likely to produce anomalies for people off work through sickness, disability or injury, experts have said.