Swiss Re have announced a 4.1% increase in the overall number of protection policies in 2014. Their report, looking at figures across the industry, found that 1,667,818 new term life assurance, whole of life insurance, critical illness and income protection policies were sold.
The FCA today finally announced plans to ban opt-out add-on sales on insurance products.
Opt-out add on sales is the process of automatically including an additional product for which they need to un-tick a box in order to opt-out and not buy the product.
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