Product pays out a cash sum to cover claims which can be up to 10 times the employee’s annual salary.
Annuity sales only down 15 per cent due to guaranteed annuity rates.
Insurer’s individual annuity sales have already fallen from £1.3bn to £591m.
MP Jonathan Evans says IP is seen as ‘toxic’ given its incorrect association with PPI.
Are the ABI’s model wordings a hindrance to plan design?
Eventually the positive protection stories will start to balance out the negative ones.
iPipeline and The Exchange report 65 and 22 per cent year-on-year increases in IP enquiries between November and January.
Protection products are being harmed by consumer distrust following the PPI scandal according to Jonathan Evans MP.
Provider paid out £11.8m in IP claims last year, down from £12.3m in 2013.
Aegon UK’s pre-tax earnings grew 37 per cent year-on-year despite the firm’s life business being hit by the costs of complying with Solvency II regulations.
Insurer blames decline in long-term interest rates and stunted global growth.
Nikki Thornley was forced to leave her role in the Scottish police force following a motorcycle accident in 2013.
But pension reforms could be extended to boost incentive to save for care, say providers.
Zurich profits up 6 percent despite sliding new business margins.
Schemes that breach the charge cap because of valuable death in service benefits will be exempt from the rules.
Regulator rejects calls to block providers from sitting in committees, final rules reveal.
Members of the Pink network will be required to show evidence of a protection review with each mortgage applicant they advise.
Provider has become the latest lender to join the Income Protection Task Force’s Seven Families campaign.
Regulator is reviewing the PPI misselling claims process to see whether its approach is working.
Provider has extended its free new parent life cover offer to include parents of children up to five years old.
Former UK business development manager is now overseeing RGA expansion into sub-Saharan protection market.
Experts warn further cuts to treatments provided by the health service could lead to rising protection premiums.
Software enables advisers to compare multi-benefit protection products.
Funds under management hit record £52bn.
Grace has previously served as chief executive of Barclays Insurance.
Mortgage and protection broker also has offices in Bath and Newcastle.
Former PruProtect head of account development will lead the UnderwriteMe comparison software launch.
Deal was first announced in August, and has now received regulatory approval.
Towergate founder and deputy chairman Peter Cullum is understood to be putting together a rival management buyout deal.
Updated practice code outlines the effect of additional and partial payments on the overall sum assured.
New body will host its inaugural conference in February 2015.
Ageas UK is planning to launch a whole of life protection plan with an option to cover the cost of long-term care.
Duggan joined Paymentshield as chief executive in July this year.
One of Aviva’s largest institutional shareholders has cut its investment by more than two-thirds.
Clerical Medical International believed to have an embedded value of £200m.
Savings split into mature and digital divisions.
The network says will quality advisers will not subsidise those who under-perform.
As Lloyds and Which? pull back from in-house protection advice, where are the protection innovators?
Provider formerly known as PruProtect has also launched LTC offering and mortgage incapacity cover.
Zurich says it is responding to customer demand rather than Government reforms.