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.
Progress from Royal Liver is calling for the Association of British Insurers to introduce minimum standards for tele-underwriting which all providers must adhere to.
Only a quarter of UK adults believe it is important to make future protection provisions when starting a family, according to research from Co-operative Insurance.
Standard Life has announced it is withdrawing its pension term assurance policy as of today, following strong hints by the Treasury it will withdraw the right to use the product.
The Law Commission's proposal to introduce a non-contestability period into protection policies will cause insurers to be more selective about which clients they put on their books, according to speakers at an RGA life insurance conference.
Risk Placement Services has launched an online adviser centre which aims to save advisers time and money when getting quotes for ‘non-standard' protection.