Latest Insurance News
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FSA backs down on "tough" PPI rules
The Financial Services Authority (FSA) has revised plans to introduce "tough" reforms to the payment protection insurance (PPI) market after receiving "highly critical" feedback from the industry.
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Deal of the Week - Oxfam comparison service
CompareForGood.co.uk is a financial comparison website that will give at least two-thirds of the commission and other revenues it earns to Oxfam, the development charity
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With-profits bonuses disappoint savers
With-profits providers have come under fire for handing out "disappointing" annual bonuses to millions of policyholders, even as some of their investment funds reported double digit growth.
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Comparison sites fail to end confusion
Some of the country's largest price comparison websites are not following high level guidance aimed at ensuring millions of their customers buy the right insurance policy.
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With-profits bonuses frozen
Legal & General is the latest life insurer to freeze annual bonus rates for with-profits policyholders
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Income protection policies widened for skilled workers
Surgeons and other highly-skilled professionals are being offered better protection against not being able to do their jobs due to injury or illness
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70,000 unclaimed boiler scrappage vouchers
Just 54,758 vouchers have been snapped up under the government's boiler scrappage scheme leaving around 70,000 vouchers worth a total of £28m still available for individuals
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Deal of the Week - Fuel cost capping
FuelBeater.com is a new service for protecting against rising petrol and heating-oil prices
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Keep workplace health insurance after you leave
Individuals risk weakening their private medical cover by not staying with their workplace health insurer if they have been made redundant, resign or retire.
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Standard Life holds with profits bonus rates
Standard Life has become the latest life office to freeze bonus rates for its with-profits policyholders, with investors seeing a wide variation in the returns on their plans.
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Zurich to increase motor premiums by 20%
Motorists are being warned to expect steep rises in their insurance premiums this year after a major provider raised its rates by 20 per cent
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Aviva freezes with profits bonus levels
Aviva, the the country's largest with profits provider, defended its investment strategy as it froze regular bonus levels for millions of policyholders against the backdrop of double digit stockmarket recovery.
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Tougher line on online insurance
Millions of consumers buying insurance online should expect clearer information about policy excess levels and realistic premium quotes under new guidance for the sector.
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Insurers release data on payout rates
Insurers have for the first time released official data on the payout rates for criticial illness cover (CIC) and life insurance policies, with the industry now on average paying more than 90 per cent of claims.
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From The Financial Times