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Closing the income protection gap with help from Uncle Sam

Increasing the take up of income protection is a tough nut to crack, not only in the UK but also around the world. Last year, research conducted by the Centre for Economic and Social Inclusion for the Association of British Insurers found that increasing IP coverage from its current level of 11 per cent of […]

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DB pension transfers block advisers’ PI renewal

Exposure to risks created by advising on pension transfers is the second most common reason professional indemnity insurance will not offer renewals. A survey of six of the biggest PI firms serving the adviser market conducted by Protean Risk reveals the reasons insurers will not offer renewals to existing clients. This includes issues such as […]

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Carney and Vote Leave in war of words over EU vote

Bank of England governor Mark Carney has sent an angry letter to a senior figure in the Vote Leave campaign which has accused Carney of breaching purdah rules in the run-up to the referendum. The BBC reports it has seen an exchange of letters between Vote Leave director Bernard Jenkin MP and Carney over whether […]

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McDermott: FCA must be above politics and media to build trust

Acting FCA chief executive Tracey McDermott says the regulator can only rebuild trust if it is seen to “be above the political and media fray”. In recent months the regulator has been criticised for a perceived lack of independence, particularly following its dropping of a banking inquiry. Speaking at an enforcement conference last month, the […]

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