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King calls for bank 'firewalls' to prevent unsustainable bail outs.

16:33 | 25 Feb 2010 | By Maryrose Fison

Mervyn King has said firewalls must be introduced in banking to stop risks in one area spreading to another.

Scot Prov adjusts protection prices to help those hit by benefit changes

14:25 | 26 Jan 2010 | By William Robins

The protection provider has re-priced its plans for those who lost out from changes to Employment Support Allowance.

ABI urges govt to extend auto-enrolment to protection

07:00 | 23 Dec 2009 | By Michelle McGagh

Nick Kirwan of the Association of British Insurers has called for the UK to follow Australia's example and auto-enrol people into life insurance as well as pension plans.

Protection looks set to escape RDR regime

13:01 | 16 Dec 2009 | By James Phillipps

The regulator is fearful of killing off the protection market and has decided not to abolish commission outright, though it wants to improve transparency on adviser remuneration.

Law Commission calls for insurers to relax non-disclosure rules

12:44 | 15 Dec 2009 | By Iain Martin

The Law Commission has called for an overhaul of insurance rules which could lead to insurers rejecting less claims on the grounds of non-disclosure.  

ABI optimistic protection will stay RDR-free

07:00 | 15 Dec 2009 | By Michelle McGagh

Insurers are confident that protection will not be brought under the scope of the retail distribution review (RDR) when the regulator publishes a consultation paper tomorrow.

Critical illness: ABI to revamp single definition of disability

12:33 | 30 Nov 2009 | By Iain Martin

Nick Kirwan of the Association of British Insurers confirms a single definition of disability for critical illness cover will be retained although the term 'total permanent disability', which it dislikes, will be replaced.

Consumers face a £2.3trn protection shortfall, says Swiss Re

16:04 | 13 Oct 2009 | By Edward Lander

Research from Swiss Re reveals there is a £2.3 trillion gap between the protection people have and what they think they have.

Aviva offers free life cover for new parents

11:07 | 13 Jul 2009 | By Edward Lander

Aviva is offering £10,000 of free-life cover to new parents in an effort to bridge the £2.3 million protection gap.

Aegon withdraws from UK group risk market

08:44 | 03 Jun 2009 | By Edward Lander

Aegon has withdrawn from the group risk market in the UK, saying that providing insurance for employee benefit programmes is no longer profitable in the UK.

Haddrill to leave ABI for Financial Reporting Council

10:25 | 20 May 2009 | By Edward Lander

ABI director general Stephen Haddrill is leaving in November to join the Financial Reporting Council as chief executive.

PruProtect to insure HIV-positive individuals

11:04 | 29 Apr 2009 | By Iain Martin

PruProtect will offer life cover to people with HIV in a shake up of its protection range. 

Pioneer product to cover household bills

12:42 | 24 Apr 2009 | By Iain Martin

Pioneer's new protection plan will pay essential bills like the mortgage and council tax for consumers forced to stop working through illness. 

Income protection claims increase as financial woes take their toll

09:00 | 13 Apr 2009 | By Iain Martin

The recession is taking its toll on consumers’ mental health with a 12% jump in claims for stress and depression, according to Aegon Scottish Equitable. 

Norwich Union halves non-disclosure rejections for critical illness claims

16:14 | 25 Mar 2009 | By Edward Lander

Norwich Union has increased the number of critical illness claims that it has paid out and cut declines for non-disclosure in 2008.

Aviva broadens trust scope to avoid CGT pain

14:54 | 11 Mar 2009 | By Edward Lander

Aviva is broadening the investment scope of its discretionary trusts beyond bonds in response to the negative effect of capital gains tax changes on sales of the fixed interest products.

ABI warns of price impact of Equality Bill

10:59 | 02 Mar 2009 | By Maryrose Fison

The Association of British Insurers (ABI) has warned the cost of insurance could rise for all customers if the Equality Bill, due to be published this spring, restricts the use of age in assessing risk. 

Investment and savings down 64%, says ABI report

15:51 | 20 Feb 2009 | By Daniel Grote

New figures from the Association of British Insurers shows a slump in sales for life insurers across almost all areas of their business.

AXA increases life cover age to reflect longevity leap

11:50 | 16 Feb 2009 | By Edward Lander

AXA has increased the maximum age limit on its life cover policies from 70 to 85 the reflect the fact that people are living longer.

PPI crackdown to start next year, says Competition Commission

12:53 | 29 Jan 2009 | By Chris Marshall

The Competition Commission says the point of sale of payment protection insurance and single premium PPI plans will be banned from next year.  

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