War of the words

ci definitions

Professional Adviser
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With a large number of advisers not fully understanding the new ABI amendments more must be done to highlight the forthcoming changes. Samantha Downes reports

Next year's critical illness (CI) shake-up has already resulted in a war of words between providers and the Association of British Insurers (ABI). But the battle is not over the wording, implementation or even the date when the ABI's Statement of Best Practice for CI comes into force; it concerns who should be responsible for letting advisers know about it. With five months to go before the statement comes into effect on 1 April 2007, many advisers remain unaware of exactly what the changes involve. The results of a survey carried out by the Exchange on behalf of Royal Liver last summer...

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