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David Barral to exit as Aviva/Friends deal agreed

27 March 2015 9:00 am | By Natalie Holt

Aviva UK boss will leave in May despite attempts to keep him in the business.

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Regulators give green light to Aviva/Friends deal

18 March 2015 8:29 am | By Natalie Holt

FCA and PRA have granted regulatory approval for the takeover to go ahead.

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Pink to check if ARs have IP before they join

11 March 2015 5:01 pm | By Devraj Ray

New ARs will be asked to show proof of their own IP policy or explain why they do not have one.

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Towergate appoints new Paymentshield CEO

11 March 2015 4:22 pm | By Devraj Ray

Scott Wood will replace acting chief executive James Watson on 16 March.

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Investment falls see LV= profits slump 76%

11 March 2015 9:07 am | By Sam Brodbeck

Life business makes £11m loss following pension reforms.

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LV= offers 5% discount on IP until end of April

9 March 2015 11:45 am | By Devraj Ray

Provider will donate 77p for every flexible IP plan recevied until 30 April 2015.

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L&G to offer pension scheme protection against ill health early retirement

5 March 2015 10:30 am | By Sam Brodbeck

Product pays out a cash sum to cover claims which can be up to 10 times the employee’s annual salary.

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Friends Life profits soar 38% but insurer takes £25m Sesame hit

5 March 2015 9:18 am | By Sam Brodbeck

Annuity sales only down 15 per cent due to guaranteed annuity rates.

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L&G predicts further slump in individual annuity sales

4 March 2015 9:03 am | By Natalie Holt

Insurer’s individual annuity sales have already fallen from £1.3bn to £591m.

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Clients need to be told IP is not 'toxic product'

4 March 2015 0:00 am | By Mark Sands

MP Jonathan Evans says IP is seen as ‘toxic’ given its incorrect association with PPI.

Comments (4)

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Alan Lakey: Is the ABI hindering plan design?

4 March 2015 0:00 am | Updated: 4 March 2015 4:41 pm

Are the ABI’s model wordings a hindrance to plan design?

Comments (1)

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Roger Edwards: In it for the long game

4 March 2015 0:00 am | Updated: 4 March 2015 4:42 pm

Eventually the positive protection stories will start to balance out the negative ones.

Comments (5)

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Protection portals report rise in IP enquiries

3 March 2015 10:19 am | By Devraj Ray

iPipeline and The Exchange report 65 and 22 per cent year-on-year increases in IP enquiries between November and January.

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MP warns protection damaged by 'toxic' reputation

27 February 2015 8:52 am | By Mark Sands

Protection products are being harmed by consumer distrust following the PPI scandal according to Jonathan Evans MP.

Comments (3)

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Zurich pays 93% of IP claims

23 February 2015 1:58 pm | By Devraj Ray

Provider paid out £11.8m in IP claims last year, down from £12.3m in 2013.

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Aegon earnings up 37% but life business slumps by a quarter

19 February 2015 10:38 am | By Sam Brodbeck

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.

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MetLife cuts rates on guaranteed drawdown products

18 February 2015 12:22 pm | By Sam Brodbeck

Insurer blames decline in long-term interest rates and stunted global growth.

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Injured policewoman latest Seven Families campaign recipient

16 February 2015 9:55 am | By Devraj Ray

Nikki Thornley was forced to leave her role in the Scottish police force following a motorcycle accident in 2013.

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Dilnot reforms fail to spark long-term care market

12 February 2015 3:30 pm | By Sam Brodbeck

But pension reforms could be extended to boost incentive to save for care, say providers.

Comments (2)

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Zurich UK profits up 6% as sales rocket

12 February 2015 10:08 am | By Mark Sands

Zurich profits up 6 percent despite sliding new business margins.

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Thousands to benefit from DWP U-turn on life cover charge cap exemption

4 February 2015 3:36 pm | By Sam Brodbeck

Schemes that breach the charge cap because of valuable death in service benefits will be exempt from the rules.

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FCA eyes tougher governance standards for DC schemes

4 February 2015 12:26 pm | By Sam Brodbeck

Regulator rejects calls to block providers from sitting in committees, final rules reveal.

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Pink introduces formal protection review requirement

4 February 2015 9:45 am | By Devraj Ray

Members of the Pink network will be required to show evidence of a protection review with each mortgage applicant they advise.

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Royal London: 5.2m UK unprotected mortgage holders at risk

30 January 2015 10:22 am | By Devraj Ray

Provider has become the latest lender to join the Income Protection Task Force’s Seven Families campaign.

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FCA could yet impose time limit on PPI complaints

30 January 2015 8:53 am | By Michael Berry

Regulator is reviewing the PPI misselling claims process to see whether its approach is working.

Comments (6)

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Aviva offers free life cover to parents of under-5s

26 January 2015 9:35 am | By Devraj Ray

Provider has extended its free new parent life cover offer to include parents of children up to five years old.

Comments (2)

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RGA shuffles protection team as Mark Johnson exits UK business

23 January 2015 11:00 am | By Devraj Ray

Former UK business development manager is now overseeing RGA expansion into sub-Saharan protection market.

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NHS cuts spark fears over protection premiums rise

23 January 2015 9:30 am | By Devraj Ray

Experts warn further cuts to treatments provided by the health service could lead to rising protection premiums.

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iPipeline launches protection comparison tool for advisers

22 January 2015 11:22 am | By Devraj Ray

Software enables advisers to compare multi-benefit protection products.

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SJP adviser numbers surge as assets pass £50bn

22 January 2015 8:55 am | By Sam Brodbeck

Funds under management hit record £52bn.

Comments (3)

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Clydesdale appoints Aegon chief as non-exec

9 January 2015 10:48 am | By Devraj Ray

Grace has previously served as chief executive of Barclays Insurance.

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London & Country expands with new City offices

7 January 2015 12:59 pm | By Devraj Ray

Mortgage and protection broker also has offices in Bath and Newcastle.

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Phil Jeynes joins UnderwriteMe

5 January 2015 11:42 am | By Devraj Ray

Former PruProtect head of account development will lead the UnderwriteMe comparison software launch.

Comments (1)

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AIG acquires Ageas Protect in £197m deal

5 January 2015 8:58 am | By Devraj Ray

Deal was first announced in August, and has now received regulatory approval.

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US private equity firm circles Towergate

29 December 2014 10:44 am | By Devraj Ray

Towergate founder and deputy chairman Peter Cullum is understood to be putting together a rival management buyout deal.

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ABI clarifies partial payments in updated CI practice code

18 December 2014 8:24 am | By Devraj Ray

Updated practice code outlines the effect of additional and partial payments on the overall sum assured.

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Protection Review expands into retirement income market

10 December 2014 10:35 am | By Devraj Ray

New body will host its inaugural conference in February 2015.

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Ageas plans whole of life LTC plan

9 December 2014 4:33 pm | By Devraj Ray

Ageas UK is planning to launch a whole of life protection plan with an option to cover the cost of long-term care.

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Gary Duggan to step down as Paymentshield CEO

5 December 2014 12:56 pm | By Devraj Ray

Duggan joined Paymentshield as chief executive in July this year.

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Top Aviva investor slashes stake ahead of Friends deal

5 December 2014 8:53 am | By Devraj Ray

One of Aviva’s largest institutional shareholders has cut its investment by more than two-thirds.

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