View more on these topics

Protection campaign to help rewrite FSA’s Money Made Clear pages

The FSA has asked members of the new consumer protection campaign chaired by Tom Baigrie to help it rewrite the protection pages of its Money Made Clear website.

The Consumer Protection and Insurance Engagement Campaign, funded by insurers and chaired by Lifesearch managing director Tom Baigrie was set up in order to raise consumer awareness and help close the protection gap.

It is also seeking to tap into the FSA’s Money Guidance programme in a bid to reach consumers.

Speaking at the Protection Review conference in London yesterday, Baigrie said: “At the moment the website promotes accident, sickness and unemployment cover as income protection, a very passive piece of regulatory blundering.

“So we have been asked to fix that. In fact we are going to see the Money Guidance campaign to try and tap into that £50m of funding, and we could quite genuinely justify a part of it.”

CBK Colchester principal Peter Chadborn said: “The site is factually incorrect in some areas and potentially misleading so it is good that the FSA is getting epxert opinion.”

Pru Protect director of protection Kevin Carr said: “This is fantastic news. I think it will improve the level of information available and that in turn will improve the outcomes for consumers.”



Dragging heels on Keydata

Advisers are concerned that administrator PricewaterhouseCoopers is dragging its heels on the processing of some Keydata income payments due to its tunnel vision on the sale of the business.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm