According to independent financial research company Defaqto, new opportunities for advisers are emerging within the income protection market, despite the fall in public confidence brought about by the mis-selling of payment protection insurance. Read more...

Some £215m has been paid out by banks in payment protection insurance compensation for the first half of 2011, according to the Financial Services Authority.

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Lloyds Banking Group has seen a £3.3bn loss for the first half of 2011, according to its half-yearly report.

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Payment protection insurance accounted for 69 per cent of new complaints to the Financial Ombudsman Service this quarter.

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