Protection

The Association of British Insurers has been forced to change the terms of its Statement of Best Practice on critical illness cover to make it clear two rare forms of cancer will be covered by the recent changes.

Following Wednesday's Pre-Budget Report announcement on the review of PTA, a host of adviser comments are still rolling in criticising the government and questioning what firms should do for clients with "pipeline" cases.

Axa PPP has re-launched its Premier Plus medical insurance plan to cover any drugs used to treat cancer, regardless of whether they are licensed.

When is advice not advice? When is non-advice advice? When is an adviser not an adviser?

Norwich Union is offering free life cover to pipeline customers applying for life insurance with tax relief and mortgage life insurance with tax relief.

Clients must be on risk before midnight on 5th December to benefit from tax relief on pension term assurance policies, according to HMRC.

Giving customers the option to take a critical illness medical report form to their doctor directly reduces the claim period by two weeks, according to Norwich Union Life.

Consultant Watson Wyatt says life companies will 'have to move fast' on PTA to avoid any potential mis-selling claims in future.

Financial advisers have reacted angrily to the government's decision to review the rules around the sale of standalone life cover with tax relief, otherwise known as pensions terms assurance (PTA.

Several protection providers have already pulled out of the pension term assurance market this morning and more are expected to do so later today, following comments in the Pre-Budget Report suggesting the product was being misused.