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11 November 2008
Consumers cutting back on insurance
Britons are cutting back on several types of insurance as a result of the credit crunch, according to new research. Figures from the Fair Investment Company show that consumers are neglecting products including life cover, home insurance medical protection. Almost a quarter of those polled said that they do not have adequate cover in place. Consumers appear more willing to neglect travel and life insurance, in favour of a home protection policy.
Fair Investment Company

05 November 2008
FSA defends rules on life companies' use of with-profits surpluses
The FSA has resisted calls for a full-scale debate on the regulation of with-profits funds, but it has promised a major review of how effectively life companies are implementing its current rules. The announcement formed part of the regulator's response to a Treasury Committee report which criticised the ways in which firms are allowed to use the surpluses that have built up over time in their with-profits funds.
Financial Services Authority (FSA)

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