Johnny Timpson's Blog
REGULAR INSIGHTS ON ALL THINGS PROTECTION FROM OUR TECHNICAL AND INDUSTRY AFFAIRS MANAGER, JOHNNY TIMPSON
JOHNNY TIMPSON'S BLOG
Biography
Johnny Timpson is Scottish Widows’ financial protection specialist. As a leading expert in his sector, he brings 42 years’ experience working in a variety of technical roles and distribution models. Johnny is currently the Cabinet Office Disability Champion for the Insurance Industry and Profession and chairs the Access to Insurance Working Group. In addition, he is a member of the Income Protection Task Force and sits on both its Welfare and Building Resilient Households Working Groups. Johnny is also a member of the CII’s Insuring Women’s Futures Programme Advisory Panel and is a friend of the Vocational Rehabilitation Association.
EQUALITY ACT AND HOW THE INSURANCE INDUSTRY COMPLIES
Applying to all employers and service providers in businesses of any size, the Equality Act exists to protect people from discrimination. It applies to all...
COVID-19, FINANCIAL AND MORTGAGE RESILIENCE AND THE NEED FOR A PROTECTION 'PLAN-B' - 9 July 2020
The Covid-19 pandemic has shown how the unexpected can happen and highlighted the need for financial resilience for UK households...
BEREAVEMENT BENEFITS AND THE NEED FOR FAMILY FINANCIAL RESILIENCE - June 2020
The Coronavirus pandemic has prompted the UK government to improve the bereavement benefits for those working in the NHS, by offering a death in service benefit. While a welcome addition for those employed by the NHS, it highlights...
MENTAL HEALTH AND PROTECTION INSURANCE - May 2020
Experiencing a mental health problem is often upsetting, confusing and frightening for individuals and their families. As we enter Mental Health Awareness Week, Iet’s consider what more we could be doing as an industry...
SIGNPOSTING FOR VULNERABLE CUSTOMERS- GOING BEYOND TEXAS - March 2020
We are now a few short months on from SMCR being rolled out to intermediary firms and enforcing greater accountability on Senior Managers and certified persons...
THE NEED FOR FINANCIAL SIMPLICITY - February 2020
On the 21st of October 2019, a year or so on from the implementation of the IDD and 6 weeks before the extension of the SMCR to directly regulated firms, Christopher Woolard, Executive Director of Strategy and Competition at the FCA delivered a speech that discussed the ‘Future of Regulation.’...
PROTECTING TODAY & SECURING TOMORROW- A LOOK AHEAD TO 2020 - JANUARY 2020
Whilst 2019 saw Brexit dominate the political and regulatory agenda, last year also saw two significant regulatory developments. The first being the FCA’s focus and consultation on vulnerable customer needs...
MAKING EVERY MOMENT COUNT - 16 December 2019
Whilst ‘Making Every Moment Count’ is the hashtag for the CII Insuring Women's Futures Programme it has also been my personal mantra throughout 2019...
SM&CR - THE SHIFT FROM RESPONSIBILITY TO ACCOUNTABILITY - 22 November 2019
The Senior Manager and Certification Regime (SM&CR) for me represents a paradigm shift in UK financial services regulation and accountability. I agree with the Tolkien...
PURPLE TUESDAY – IMPROVING CUSTOMER ACCESS AND EXPERIENCES - 1 November 2019
Last November, the disability organisation Purple launched Purple Tuesday, an accessible shopping and services day which is committed to improving the customer experience for disabled people. Purple Tuesday proved to be a tremendous success...
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While correct at the time of publication, the information contained in these blogs may no longer reflect current regulations or opinions
A COSTLY DIAGNOSIS GOING HAND IN GLOVE WITH VULNERABILITYCancer doesn’t just affect health, the financial cost can be devastating too. With the first stage of the FCA’s consultation on the fair treatment of vulnerable customers... 7 October 2019
FAMILY FINANCES & RETIREMENT HOPES CAN BE SHATTERED BY DEMENTIA
It's unlikely that there are many reading this who haven't been affected by dementia in some way. According to the Alzheimer's Society... 30 August 2019
LET'S TALK ABOUT MENTAL HEALTH AND FINANCIAL PROTECTION
Hosted by the Mental Health Foundation, Mental Health Awareness Week 2019 takes place from Monday 13 to Sunday 19 May 2019. The theme this year is Body Image – how we think and feel about our bodies... 7 May 2019
THE ASSURANCE OF INSURANCE
The first death claim on a “modern” life assurance policy followed the death of salt merchant William Gibbons in London in 1584... 12 April 2019
MOTHER’S DAY. CARDS, FLOWERS AND A “WHAT IF” REVIEW
Whilst we mark Mother’s Day on March 31, as far as children are concerned, and dependent children in particular, every day is “mum, can you do this for me” day! This makes new data from the Office of National Statistics... 18 March 2019
AS FAMILY SPENDING RISES, SO DOES THE NEED FOR A PROTECTION “PLAN B”
With incomes squeezed, savings at historic lows and borrowing levels increasing to levels not seen since 2008, the latest Office for National Statistics (ONS) snapshot of family spending makes for worrying reading...18 February 2019
BUILDING ON 2018 MARKET EVENTS - A LOOK AHEAD TO 2019
We enter 2019 in a position of relative strength, with the most recent data from IRESS, Equifax Touchstone and other sources suggesting that notwithstanding GDPR and the introduction of the Insurance Distribution Directive... 22 january 2019
A PERSONALISED APPROACH TO UNDERWRITING
New protection products, innovations and adaptations regularly fill the trade press headlines, but it’s rare to hear about the service that improves access to the actual benefits of advice - in particular, underwriting philosophy and practice... 28 November 2018
CARING FOR MENTAL HEALTH WELLBEING
In many ways, mental health is just like physical health: everybody has it, we need to take care of it and should we suffer a mental health issue, it’s all too often compounded by a financial health impact... 9 October 2018
OUR WIDER DUTY AS FINANCIAL PROTECTION PROVIDERS
Financial protection solutions such as life insurance, critical illness insurance and income protection are designed to, and do, provide essential financial assistance should illness or death occur... 26 September 2018
SUPPORTING YOU TO MEET INSURANCE DISTRIBUTION DIRECTIVE REQUIREMENTS
As the introduction of the Insurance Distribution Directive is fast approaching, I want to discuss in more detail what’s involved and the support available from Scottish Widows... 20 September 2018