Life Insurance
Revealed: Finalists for the International Fund and Product Awards 2015
Professional Adviser is pleased to announce the finalists for the 16th International Fund and Product Awards.
Protection Watch: Kevin Carr's verdicts on five recent developments
Promising lead or back to the lab?
Royal London to buy Co-op Bank divisions
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.
Five things clients will call you about this week
Here are our picks of the stories your clients may have read in the weekend newspapers...
LV= announces pipeline strategy
LV= will switch its protection business to gender neutral rates on 1 December and has announced its pipeline strategy for advisers.
FSA says rules on advisers handling medical info adequate
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.
MoJ consults on cutting LPA waiting times
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).
Protection Watch...with Kevin Carr (July 2012)
PROTECTION WATCH
LV= launches online I-E support for advisers
Online adviser support on I-E tax changes and the gender directive has been launched by LV=.
Aegon cuts life and IP rates ahead of gender directive
Aegon has cut individual life and income protection rates to take advantage of the gender directive.
Protection watch...with Kevin Carr (June 2012)
PROTECTION WATCH
Aegon publishes State death benefits guide
Aegon has published a guide to State bereavement payments that will be issued with all death claim packs.
Half death claims made for those under 55
Half the life insurance claims received by Scottish Provident last year were made for those under 55 years old, the insurer has revealed.
Grieving families need more short term financial support
Bereavement benefits need to be altered to better support those who have suffered the death of a loved one, government research has found.
Life settlements fund generates £40m despite FSA 'toxic' label
Life settlements fund EEA has generated nearly £40m in revenues in the last two months, despite its suspension following "unprecedented" redemption requests.
LV= IP and CI claims paid dip slightly
LV= has announced it paid 91% of income protection (IP) and 88% of critical illness (CI) claims in 2011.
Gender ruling may worsen protection ownership differences
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.
Clients unaware of state bereavement payments
Grieving clients could be missing out on thousands of pounds worth of state bereavement benefits, RGA has said.
'Awkward' conversations stop Brits talking about finances
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.
HMT: Gender neutrality to cut insurance sales
Introducing gender-neutral rates will result in premium hikes for life insurance and critical illness (CI), HM Treasury has warned.
Pruprotect offers WoL with no additional underwriting
Pruprotect is launching an adviser based up-selling scheme to offer existing term assurance clients whole of life cover with no additional underwriting.
Fifth of life sales should be FIB - LifeSearch
LifeSearch is encouraging protection advisers to increase sales of family income benefit (FIB) products.
