Professional Adviser www.professionaladviser.com Life insurers aiming to increase automation in next five years <p><!--summary start--> New industry survey shows life insurance providers are targeting greater adoption of automated processes by 2026. <!--summary end--></p> https://www.professionaladviser.com/news/4034420/life-insurers-aiming-increase-automation https://www.professionaladviser.com/news/4034420/life-insurers-aiming-increase-automation Wed, 14 Jul 2021 06:36:07 +0000 Jiten Varsani: The true value of the life insurance adviser <p><!--summary start--> Jiten Varsani, mortgage and protection adviser at London Money, writes in response to a negative life insurance report published in the recent edition of the Sunday Times... <!--summary end--></p> https://www.professionaladviser.com/opinion/4033682/jiten-varsani-true-value-life-insurance-adviser https://www.professionaladviser.com/opinion/4033682/jiten-varsani-true-value-life-insurance-adviser Wed, 30 Jun 2021 06:29:08 +0000 Woman sentenced for fraudulent life insurance claim <p><!--summary start--> A London woman has been sentenced for making a fraudulent life insurance claim on her husband’s life insurance policy <!--summary end--></p> https://www.professionaladviser.com/news/4028591/woman-sentenced-fraudulent-life-insurance-claim https://www.professionaladviser.com/news/4028591/woman-sentenced-fraudulent-life-insurance-claim Tue, 16 Mar 2021 16:14:57 +0000 Pandemic fears reboot interest in dwindling life insurance market - adviser's research <p><!--summary start--> The coronavirus pandemic and its massive impact on daily life has sparked renewed interest in life insurance after five years of falling sales, according to Salisbury House Wealth. <!--summary end--></p> https://www.professionaladviser.com/news/4017784/pandemic-fears-reboot-interest-dwindling-life-insurance-market-adviser-research https://www.professionaladviser.com/news/4017784/pandemic-fears-reboot-interest-dwindling-life-insurance-market-adviser-research Wed, 15 Jul 2020 07:12:28 +0000 Revealed: Finalists for the International Fund and Product Awards 2015 <p><!--summary start--> Professional Adviser is pleased to announce the finalists for the 16th International Fund and Product Awards. <!--summary end--></p> https://www.professionaladviser.com/news/2419416/revealed-finalists-international-fund-product-awards-2015 https://www.professionaladviser.com/news/2419416/revealed-finalists-international-fund-product-awards-2015 Mon, 27 Jul 2015 13:50:00 +0000 Protection Watch: Kevin Carr's verdicts on five recent developments <p><!--summary start--> Professional Adviser's protection detective Kevin Carr delivers his verdicts on five key developments in the protection space in the last month... <!--summary end--></p> https://www.professionaladviser.com/feature/2412945/protection-watch-kevin-carrs-verdicts-recent-developments https://www.professionaladviser.com/feature/2412945/protection-watch-kevin-carrs-verdicts-recent-developments Mon, 15 Jun 2015 16:45:12 +0000 Royal London to buy Co-op Bank divisions <p><!--summary start--> Members of life and pensions mutual Royal London have agreed to proposals to acquire the life insurance and asset management businesses of the Co-operative Banking Group. <!--summary end--></p> https://www.professionaladviser.com/news/2272590/royal-london-coop-bank-divisions https://www.professionaladviser.com/news/2272590/royal-london-coop-bank-divisions Tue, 4 Jun 2013 12:19:00 +0000 Five things clients will call you about this week <p><!--summary start--> Here are our picks of the stories your clients may have read in the weekend newspapers... <!--summary end--></p> https://www.professionaladviser.com/news/2228980/-clients-about https://www.professionaladviser.com/news/2228980/-clients-about Mon, 3 Dec 2012 11:30:00 +0000 LV= announces pipeline strategy <p><!--summary start--> LV= will switch its protection business to gender neutral rates on 1 December and has announced its pipeline strategy for advisers. <!--summary end--></p> https://www.professionaladviser.com/news/2206884/lv-announces-pipeline-strategy https://www.professionaladviser.com/news/2206884/lv-announces-pipeline-strategy Thu, 20 Sep 2012 10:04:01 +0000 FSA says rules on advisers handling medical info adequate <p><!--summary start--> The Financial Services Authority (FSA) has said general rules governing the handling of clients' medical information by advisers are sufficient after concerns were raised by a provider. <!--summary end--></p> https://www.professionaladviser.com/news/2204785/fsa-rules-advisers-handling-medical-info-adequate https://www.professionaladviser.com/news/2204785/fsa-rules-advisers-handling-medical-info-adequate Wed, 12 Sep 2012 07:50:00 +0000 MoJ consults on cutting LPA waiting times <p><!--summary start--> The Ministry of Justice (MoJ) is proposing to reduce the length of time it takes to process applications to register a lasting power of attorney (LPA). <!--summary end--></p> https://www.professionaladviser.com/news/2197153/moj-consults-cutting-lpa-waiting-times https://www.professionaladviser.com/news/2197153/moj-consults-cutting-lpa-waiting-times Tue, 7 Aug 2012 11:45:00 +0000 Protection Watch...with Kevin Carr (July 2012) <p><!--summary start--> Our protection detective gives his verdict on five key developments in protection this month... <!--summary end--></p> https://www.professionaladviser.com/feature/2195614/protection-watchwith-kevin-carr-july-2012 https://www.professionaladviser.com/feature/2195614/protection-watchwith-kevin-carr-july-2012 Tue, 31 Jul 2012 13:40:00 +0000 LV= launches online I-E support for advisers <p><!--summary start--> Online adviser support on I-E tax changes and the gender directive has been launched by LV=. <!--summary end--></p> https://www.professionaladviser.com/news/2194488/lv-launches-online-support-advisers https://www.professionaladviser.com/news/2194488/lv-launches-online-support-advisers Thu, 26 Jul 2012 11:04:00 +0000 Aegon cuts life and IP rates ahead of gender directive <p><!--summary start--> Aegon has cut individual life and income protection rates to take advantage of the gender directive. <!--summary end--></p> https://www.professionaladviser.com/news/2191410/aegon-cuts-life-ip-rates-ahead-gender-directive https://www.professionaladviser.com/news/2191410/aegon-cuts-life-ip-rates-ahead-gender-directive Fri, 13 Jul 2012 10:30:00 +0000 Protection watch...with Kevin Carr (June 2012) <p><!--summary start--> Our protection detective gives his verdicts on five key developments in the world of protection in June... <!--summary end--></p> https://www.professionaladviser.com/feature/2190717/protection-watchwith-kevin-carr-june-2012 https://www.professionaladviser.com/feature/2190717/protection-watchwith-kevin-carr-june-2012 Wed, 11 Jul 2012 10:41:34 +0000 Five everyday items to help you sell protection <p><!--summary start--> Roger Edwards, proposition director at Bright Grey & Scottish Provident, reveals how items lying around the house or office can be instant protection sales aids. <!--summary end--></p> https://www.professionaladviser.com/feature/2187182/everyday-items-help-sell-protection https://www.professionaladviser.com/feature/2187182/everyday-items-help-sell-protection Thu, 28 Jun 2012 08:00:00 +0000 Five things clients will call you about this week <p><!--summary start--> It's our round-up of the stories your clients may have read in the national newspapers over the weekend... <!--summary end--></p> https://www.professionaladviser.com/feature/2183229/clients https://www.professionaladviser.com/feature/2183229/clients Mon, 11 Jun 2012 09:52:06 +0000 Aegon publishes State death benefits guide <p><!--summary start--> Aegon has published a guide to State bereavement payments that will be issued with all death claim packs. <!--summary end--></p> https://www.professionaladviser.com/news/2156087/aegon-publishes-death-benefits-guide https://www.professionaladviser.com/news/2156087/aegon-publishes-death-benefits-guide Wed, 29 Feb 2012 12:49:30 +0000 Half death claims made for those under 55 <p><!--summary start--> Half the life insurance claims received by Scottish Provident last year were made for those under 55 years old, the insurer has revealed. <!--summary end--></p> https://www.professionaladviser.com/news/2156034/half-death-claims-55 https://www.professionaladviser.com/news/2156034/half-death-claims-55 Wed, 29 Feb 2012 11:24:20 +0000 Grieving families need more short term financial support <p><!--summary start--> Bereavement benefits need to be altered to better support those who have suffered the death of a loved one, government research has found. <!--summary end--></p> https://www.professionaladviser.com/news/2155016/grieving-families-short-term-financial-support https://www.professionaladviser.com/news/2155016/grieving-families-short-term-financial-support Fri, 24 Feb 2012 15:00:36 +0000 Life settlements fund generates £40m despite FSA 'toxic' label <p><!--summary start--> Life settlements fund EEA has generated nearly £40m in revenues in the last two months, despite its suspension following "unprecedented" redemption requests. <!--summary end--></p> https://www.professionaladviser.com/news/2153843/life-settlements-fund-generates-gbp40m-despite-fsa-toxic-label https://www.professionaladviser.com/news/2153843/life-settlements-fund-generates-gbp40m-despite-fsa-toxic-label Tue, 21 Feb 2012 11:15:00 +0000 LV= IP and CI claims paid dip slightly <p><!--summary start--> LV= has announced it paid 91% of income protection (IP) and 88% of critical illness (CI) claims in 2011. <!--summary end--></p> https://www.professionaladviser.com/news/2152633/lv-ip-ci-claims-paid-dip-slightly https://www.professionaladviser.com/news/2152633/lv-ip-ci-claims-paid-dip-slightly Wed, 15 Feb 2012 10:57:46 +0000 Gender ruling may worsen protection ownership differences <p><!--summary start--> Ageas has questioned whether the impending move to gender neutral pricing will result in women falling further behind men in their willingness to protect themselves. <!--summary end--></p> https://www.professionaladviser.com/news/2151913/gender-ruling-worsen-protection-ownership-differences https://www.professionaladviser.com/news/2151913/gender-ruling-worsen-protection-ownership-differences Mon, 13 Feb 2012 11:37:31 +0000 Clients unaware of state bereavement payments <p><!--summary start--> Grieving clients could be missing out on thousands of pounds worth of state bereavement benefits, RGA has said. <!--summary end--></p> https://www.professionaladviser.com/news/2144517/clients-unaware-bereavement-payments https://www.professionaladviser.com/news/2144517/clients-unaware-bereavement-payments Tue, 7 Feb 2012 13:05:46 +0000 'Awkward' conversations stop Brits talking about finances <p><!--summary start--> Sex is the only subject more taboo than finances for UK families as many find the conversations too awkward and uncomfortable, a new report has revealed. <!--summary end--></p> https://www.professionaladviser.com/news/2141300/awkward-conversations-stop-brits-talking-finances https://www.professionaladviser.com/news/2141300/awkward-conversations-stop-brits-talking-finances Wed, 25 Jan 2012 14:38:36 +0000 HMT: Gender neutrality to cut insurance sales <p><!--summary start--> Introducing gender-neutral rates will result in premium hikes for life insurance and critical illness (CI), HM Treasury has warned. <!--summary end--></p> https://www.professionaladviser.com/news/2132090/hmt-gender-neutrality-cut-insurance-sales https://www.professionaladviser.com/news/2132090/hmt-gender-neutrality-cut-insurance-sales Tue, 13 Dec 2011 15:44:56 +0000 Pruprotect offers WoL with no additional underwriting <p><!--summary start--> Pruprotect is launching an adviser based up-selling scheme to offer existing term assurance clients whole of life cover with no additional underwriting. <!--summary end--></p> https://www.professionaladviser.com/news/2125666/pruprotect-offers-wol-additional-underwriting https://www.professionaladviser.com/news/2125666/pruprotect-offers-wol-additional-underwriting Thu, 17 Nov 2011 10:33:00 +0000 Fifth of life sales should be FIB - LifeSearch <p><!--summary start--> LifeSearch is encouraging protection advisers to increase sales of family income benefit (FIB) products. <!--summary end--></p> https://www.professionaladviser.com/news/2122769/fifth-life-sales-fib-lifesearch https://www.professionaladviser.com/news/2122769/fifth-life-sales-fib-lifesearch Fri, 4 Nov 2011 12:49:45 +0000 Quarter of a trillion pounds worth of mortgages unprotected <p><!--summary start--> Britons are leaving mortgages worth £245bn unprotected, according to new research. <!--summary end--></p> https://www.professionaladviser.com/news/2122100/quarter-trillion-pounds-worth-mortgages-unprotected https://www.professionaladviser.com/news/2122100/quarter-trillion-pounds-worth-mortgages-unprotected Wed, 2 Nov 2011 15:33:33 +0000 One in ten couples must resort to pauper's funeral <p><!--summary start--> Half of co-habitating Britons do not have any life insurance and many could not afford a funeral if their partner or spouse died, new research has found. <!--summary end--></p> https://www.professionaladviser.com/news/2122079/couples-resort-paupers-funeral https://www.professionaladviser.com/news/2122079/couples-resort-paupers-funeral Wed, 2 Nov 2011 14:46:34 +0000 Friends Life unveils IFA protection proposition <p><!--summary start--> Friends Life has completed its full launch with the unveiling of its individual protection proposition for IFAs. <!--summary end--></p> https://www.professionaladviser.com/news/2119410/friends-life-launches-proposition https://www.professionaladviser.com/news/2119410/friends-life-launches-proposition Mon, 24 Oct 2011 10:00:00 +0000 The Whole of Life <p><!--summary start--> Bereavement is bad enough without money troubles. Rachel Clarke explains the complexities of using whole of life policies <!--summary end--></p> https://www.professionaladviser.com/feature/2108586/life https://www.professionaladviser.com/feature/2108586/life Fri, 30 Sep 2011 15:30:23 +0000 Aviva pays 92.5% of CI claims <p><!--summary start--> Aviva paid 92.5% of critical illness (CI) claims during the first six months of the year. <!--summary end--></p> https://www.professionaladviser.com/news/2106613/aviva-pays-gbp212-life-ci-claims https://www.professionaladviser.com/news/2106613/aviva-pays-gbp212-life-ci-claims Mon, 5 Sep 2011 11:46:00 +0000 Avelo first to offer Engage Mutual's life plan to intermediaries <p><!--summary start--> Avelo Exchange has added Engage Mutual's guaranteed 50 plus life cover plan to its service becoming the first to do so in the intermediary market. <!--summary end--></p> https://www.professionaladviser.com/news/2101531/avelo-offer-engage-mutual-life-plan-intermediaries https://www.professionaladviser.com/news/2101531/avelo-offer-engage-mutual-life-plan-intermediaries Fri, 12 Aug 2011 15:41:08 +0000 Aegon increases medical underwriting limits <p><!--summary start--> Aegon has increased its medical underwriting limits for its life and critical illness (CI) protection proposition. <!--summary end--></p> https://www.professionaladviser.com/news/2082272/aegon-increases-medical-underwriting-limits https://www.professionaladviser.com/news/2082272/aegon-increases-medical-underwriting-limits Tue, 28 Jun 2011 15:06:58 +0000 'Innovation' not a dirty word, Pru's Thiam tells FSA <p><!--summary start--> Prudential CEO Tidjane Thiam today told the FSA the UK will not benefit from a new regulator which is overly-prescriptive and stunts financial services. <!--summary end--></p> https://www.professionaladviser.com/news/2082202/innovation-dirty-word-prus-thiam-tells-fsa https://www.professionaladviser.com/news/2082202/innovation-dirty-word-prus-thiam-tells-fsa Tue, 28 Jun 2011 14:00:00 +0000 The public is failing to upgrade life cover - Sainbury's <p><!--summary start--> More than half of those with life cover fail to upgrade after significant changes in their circumstances, according to Sainsbury's Life Insurance. <!--summary end--></p> https://www.professionaladviser.com/news/2078803/public-failing-upgrade-life-cover-sainbury https://www.professionaladviser.com/news/2078803/public-failing-upgrade-life-cover-sainbury Tue, 14 Jun 2011 14:26:00 +0000 Gay people increasing sums assured on life policies <p><!--summary start--> Gay people are taking out higher sums assured for life insurance, according to new research. <!--summary end--></p> https://www.professionaladviser.com/news/2078470/gay-people-increasing-sums-assured-life-policies https://www.professionaladviser.com/news/2078470/gay-people-increasing-sums-assured-life-policies Mon, 13 Jun 2011 12:41:00 +0000 L&G increases medical underwriting limits <p><!--summary start--> Legal & General has raised its medical evidence limits for life and critical illness (CI) cover. <!--summary end--></p> https://www.professionaladviser.com/news/2075761/-increases-medical-underwriting-limits https://www.professionaladviser.com/news/2075761/-increases-medical-underwriting-limits Thu, 2 Jun 2011 15:25:00 +0000