Life and Protection news
9 stories on life and protection, newest first. Every story is dated and cites its sources.
- November 2025
PRA confirms final rules on deposit compensation limit increase
The Prudential Regulation Authority confirmed final rules in November 2025 raising the FSCS deposit compensation limit to £120,000, effective for firm failures from 1 December 2025.
- January 2025
Work Capability Assessment changes planned from 2025
The government plans to change the activities and descriptors used to pass a Work Capability Assessment from 2025 for new claimants of new style ESA and some Universal Credit elements.
- November 2024
FCA review finds long delays in life insurance payouts
The Financial Conduct Authority's review of 15 life insurers covering more than 75% of the market found significant delays and inconsistencies in bereavement claims handling, with term insurance claims taking 53 to 122 days.
- August 2024
More travellers with medical conditions not declaring them when buying travel insurance
A third of travellers with pre-existing medical conditions say they will not declare all of them when buying travel insurance this summer, up from a quarter in the spring, according to research from insurer AllClear.
FCA launches Pure Protection Market Study
The Financial Conduct Authority launched its Pure Protection Market Study in August 2024 to establish whether the protection market offers fair value to customers, examining four product areas.
- June 2024
Hargreaves Lansdown report finds 57% of homeowners lack enough life cover
Hargreaves Lansdown figures reported by Which? show 57% of homeowners have too little life cover, with an average shortfall of £89,800 for households with dependents.
- October 2023
Supreme Court ruling extends PPI court claim time limit
A Supreme Court ruling has changed the time limit for court claims over mis-sold payment protection insurance, moving the six-year clock to the end of the underlying credit agreement.
- June 2023
Barclaycard payment protection and income protection policies automatically end
Barclaycard payment protection and income protection policies closed on 30 June 2023, with cover and new claims limited to events before that date, except Barclaycard PPI.
- April 2023
Beagle Street publishes The Mortgage Cover Gap Report
Beagle Street's Mortgage Cover Gap Report estimates £433bn of mortgage debt across Great Britain has no life insurance behind it, based on the most conservative assumption that 26% of mortgage households hold no policy.