Professional Adviser www.professionaladviser.com Tom Baigrie: 'Insurers and distributors are failing to market IP' <p><!--summary start--> Following the success of Seven Families, it is time for another industry-wide campaign, writes LifeSearch chief executive Tom Baigrie <!--summary end--></p> https://www.professionaladviser.com/opinion/4023341/tom-baigrie-insurers-distributors-failing-market-ip https://www.professionaladviser.com/opinion/4023341/tom-baigrie-insurers-distributors-failing-market-ip Mon, 16 Nov 2020 12:05:38 +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 Advisers 'missing out' on business protection opportunities <p><!--summary start--> Nearly a quarter (25%) of advisers with corporate clients have seen demand for business protection rise in the last five years, research by VitalityLife has revealed. <!--summary end--></p> https://www.professionaladviser.com/news/4008757/advisers-missing-business-protection-opportunities https://www.professionaladviser.com/news/4008757/advisers-missing-business-protection-opportunities Tue, 7 Jan 2020 12:08:22 +0000 Cover Excellence Awards: Intermediary shortlists revealed <p><!--summary start--> Professional Adviser's sister title Cover is delighted to announce this year's intermediary finalists for the COVER Excellence Awards 2019. <!--summary end--></p> https://www.professionaladviser.com/news/3080367/cover-excellence-awards-intermediary-shortlists-revealed https://www.professionaladviser.com/news/3080367/cover-excellence-awards-intermediary-shortlists-revealed Mon, 12 Aug 2019 12:02:37 +0000 How the Apollo 11 crew obtained their life insurance <p><!--summary start--> With this week marking the 50th anniversary of the moon landing, it is worth remembering that Neil Armstrong once estimated the Apollo 11 landing mission had about a 50% chance of success. <!--summary end--></p> https://www.professionaladviser.com/news/3079262/-apollo-crew-obtained-life-insurance https://www.professionaladviser.com/news/3079262/-apollo-crew-obtained-life-insurance Fri, 19 Jul 2019 11:09:36 +0000 CII chief issues call for Insuring Women's Futures ambassadors <p><!--summary start--> The Chartered Insurance Institute (CII) is looking to add more to the hundreds of Insuring Women's Futures (IWF) ambassadors who have already signed up to its scheme, the trade body's chief executive Sian Fisher has said. <!--summary end--></p> https://www.professionaladviser.com/news/3078440/cii-chief-issues-insuring-womens-futures-ambassadors https://www.professionaladviser.com/news/3078440/cii-chief-issues-insuring-womens-futures-ambassadors Thu, 4 Jul 2019 11:59:46 +0000 Zurich's Tulsi Naidu named chair of FCA Practitioner Panel <p><!--summary start--> Zurich UK chief executive Tulsi Naidu is to take over as the new chair of the FCA Practitioner Panel from 1 August 2019. A panel member since 2017, she succeeds Fidelity International CEO Anne Richards. <!--summary end--></p> https://www.professionaladviser.com/news/3078151/zurichs-tulsi-naidu-named-chair-fca-practitioner-panel https://www.professionaladviser.com/news/3078151/zurichs-tulsi-naidu-named-chair-fca-practitioner-panel Fri, 28 Jun 2019 11:43:11 +0000 Which? plans closure of mortgage and protection advice business <p><!--summary start--> Consumer choice brand Which? is proposing to close its mortgage and protection advice arms. <!--summary end--></p> https://www.professionaladviser.com/ https://www.professionaladviser.com/ Fri, 31 May 2019 10:40:00 +0000 Mutuals paid out on more than 94% of income protection claims in 2018 <p><!--summary start--> Research by the Association of Financial Mutuals (AFM) into nine members that offer income protection products shows that they paid out over £26 million in claims to 5,721 policyholders in 2018. <!--summary end--></p> https://www.professionaladviser.com/news/3076190/mutuals-paid-94-income-protection-claims-2018 https://www.professionaladviser.com/news/3076190/mutuals-paid-94-income-protection-claims-2018 Wed, 22 May 2019 11:53:25 +0000 Legal & General paid out £638 million in individual protection claims in 2018 <p><!--summary start--> Legal & General has revealed it paid out more than £638m on individual protection claims in 2018, the equivalent of £1.7m every day. <!--summary end--></p> https://www.professionaladviser.com/news/3076053/legal-paid-gbp638-million-individual-protection-claims-2018 https://www.professionaladviser.com/news/3076053/legal-paid-gbp638-million-individual-protection-claims-2018 Mon, 20 May 2019 11:56:26 +0000 Aegon announces 'Policy Plus' support services <p><!--summary start--> Aegon has named its support services package 'Policy Plus' following research revealing more than half of advisers (56%) feel value-added services make clients more receptive to protection. <!--summary end--></p> https://www.professionaladviser.com/news/3075924/aegon-announces-policy-plus-support-services https://www.professionaladviser.com/news/3075924/aegon-announces-policy-plus-support-services Thu, 16 May 2019 12:04:30 +0000 Zurich pays 96% of protection claims in 2018 <p><!--summary start--> Zurich paid out 96% of protection claims in 2018 - a total of £233.4m. <!--summary end--></p> https://www.professionaladviser.com/news/3075757/zurich-pays-protection-claims-2018 https://www.professionaladviser.com/news/3075757/zurich-pays-protection-claims-2018 Tue, 14 May 2019 12:16:23 +0000 L&G paid out almost £300m for group protection in 2018 <p><!--summary start--> Legal & General has revealed that it paid a total of £292m in group protection claims in 2018. <!--summary end--></p> https://www.professionaladviser.com/news/3075349/-paid-gbp300m-income-protection-2018 https://www.professionaladviser.com/news/3075349/-paid-gbp300m-income-protection-2018 Thu, 9 May 2019 11:44:00 +0000 Andy Woollon: Protection should be a keystone of any retirement plans <p><!--summary start--> Convincing clients to underpin their assets with protection may be difficult but, argues Andy Woollon, it is likely to turn out to be worth it - for both client and adviser <!--summary end--></p> https://www.professionaladviser.com/opinion/3075126/andy-woollon-protection-keystone-retirement-plans https://www.professionaladviser.com/opinion/3075126/andy-woollon-protection-keystone-retirement-plans Wed, 8 May 2019 15:21:00 +0000 Aegon pays a total of £128.6m protection claims in 2018 <p><!--summary start--> Aegon paid out 98% of life claims in 2018 - a total of £67.1m to 742 families and businesses - while it paid out 93% of critical illness claims - a total of £37.4m. <!--summary end--></p> https://www.professionaladviser.com/news/3074643/aegon-pays-total-gbp1286m-protection-claims-2018 https://www.professionaladviser.com/news/3074643/aegon-pays-total-gbp1286m-protection-claims-2018 Thu, 25 Apr 2019 14:43:01 +0000 Fraudster who faked own death living in Philippines <p><!--summary start--> John Darwin, who faked his own death in a canoe accident in 2002 to benefit from life insurance payments, has started a new life in the Philippines, it has been revealed. <!--summary end--></p> https://www.professionaladviser.com/news/3074110/fraudster-faked-death-living-philippines https://www.professionaladviser.com/news/3074110/fraudster-faked-death-living-philippines Fri, 12 Apr 2019 11:42:00 +0000 IRESS launches 'buy-now' term assurance option for advisers <p><!--summary start--> IRESS has launched an adviser-accessible 'buy-now' term assurance option is now available through its quote and apply sourcing engine, The Exchange, which avoids a fully underwritten process. <!--summary end--></p> https://www.professionaladviser.com/news/3071211/iress-launches-term-assurance-option-advisers https://www.professionaladviser.com/news/3071211/iress-launches-term-assurance-option-advisers Mon, 18 Feb 2019 12:52:52 +0000 Defaqto launches critical illness comparison tool <p><!--summary start--> Fintech firm Defaqto has added CIC Compare, a critical illness comparison tool, to its end-to-end planning solution Engage. <!--summary end--></p> https://www.professionaladviser.com/news/3070939/defaqto-launches-critical-illness-comparison-tool https://www.professionaladviser.com/news/3070939/defaqto-launches-critical-illness-comparison-tool Tue, 12 Feb 2019 17:43:16 +0000 'One in five' UK businesses lack expertise to manage absence <p><!--summary start--> YouGov research published by Zurich has revealed that 22% of British businesses lack expertise when managing workplace absence, leaving them exposed to losing of key staff members and to lost productivity. <!--summary end--></p> https://www.professionaladviser.com/ https://www.professionaladviser.com/ Mon, 4 Feb 2019 17:32:32 +0000 'Sandwich Generation': More than one in four report mental ill-health <p><!--summary start--> More than a quarter (27%) of so-called 'sandwich carers' are showing symptoms of poor mental health, according to figures published by the Office for National Statistics. <!--summary end--></p> https://www.professionaladviser.com/news/3069322/sandwich-generation-report-mental-ill-health https://www.professionaladviser.com/news/3069322/sandwich-generation-report-mental-ill-health Mon, 14 Jan 2019 18:09:41 +0000 DWP completes Universal Credit roll out to UK <p><!--summary start--> Universal credit, the social security payment designed to simplify benefits and incentivise paid work has now been rolled out to all working age welfare claimants in the UK, the Department for Work and Pensions (DWP) has confirmed. <!--summary end--></p> https://www.professionaladviser.com/news/3068207/dwp-completes-universal-credit-roll-uk https://www.professionaladviser.com/news/3068207/dwp-completes-universal-credit-roll-uk Thu, 13 Dec 2018 11:52:00 +0000 AIG Life appoints Philip Willcock as CEO <p><!--summary start--> AIG Life has appointed Philip Willcock to the role of chief executive officer (CEO). <!--summary end--></p> https://www.professionaladviser.com/news/3068138/aig-life-appoints-philip-willcock-ceo https://www.professionaladviser.com/news/3068138/aig-life-appoints-philip-willcock-ceo Wed, 12 Dec 2018 13:19:00 +0000 Parents missing work to care for unwell kids - MetLife <p><!--summary start--> Millions of parents are at risk of losing out financially due to childcare duties, according to research from MetLife. <!--summary end--></p> https://www.professionaladviser.com/news/3067693/parents-missing-care-unwell-kids-metlife https://www.professionaladviser.com/news/3067693/parents-missing-care-unwell-kids-metlife Wed, 5 Dec 2018 12:28:00 +0000 COVER announces inaugural Mental Health Forum <p><!--summary start--> Professional Adviser's sister publication COVER has announced a brand new conference for 2019 - the COVER Mental Health Forum - taking place on Tuesday 5 March in London. <!--summary end--></p> https://www.professionaladviser.com/ https://www.professionaladviser.com/ Fri, 23 Nov 2018 13:32:28 +0000 Seven in 10 carers do not have life insurance - Scottish Widows <p><!--summary start--> Carers - non-professional people looking after family or others who are sick, elderly or disabled - are not prepared financially for issues that could arise if they fell ill or passed away, research from Scottish Widows has revealed. <!--summary end--></p> https://www.professionaladviser.com/news/3066641/seven-carers-life-insurance-scottish-widows https://www.professionaladviser.com/news/3066641/seven-carers-life-insurance-scottish-widows Mon, 19 Nov 2018 17:36:42 +0000 Boutique wealth manager publishes guide to protection <p><!--summary start--> A guide to help people understand protection insurance has been made available by boutique wealth management firm EQ Investors. <!--summary end--></p> https://www.professionaladviser.com/news/3066375/boutique-wealth-manager-publishes-guide-protection https://www.professionaladviser.com/news/3066375/boutique-wealth-manager-publishes-guide-protection Wed, 14 Nov 2018 13:25:54 +0000 L&G launches income protection adviser hub <p><!--summary start--> Legal & General has launched a hub for financial advisers that is dedicated to income protection. <!--summary end--></p> https://www.professionaladviser.com/news/3066234/-launches-income-protection-adviser-hub https://www.professionaladviser.com/news/3066234/-launches-income-protection-adviser-hub Mon, 12 Nov 2018 17:40:25 +0000 DWP clarifies Universal Credit position on protection pay-outs <p><!--summary start--> The Department for Work and Pensions (DWP) has issued a clarification that pay-outs from term life, critical and terminal illness insurance policies will not impact means-testing for Universal Credit. <!--summary end--></p> https://www.professionaladviser.com/news/3065551/department-pensions-clarifies-payouts-wont-affected-universal-credit https://www.professionaladviser.com/news/3065551/department-pensions-clarifies-payouts-wont-affected-universal-credit Thu, 1 Nov 2018 13:08:00 +0000 Breast cancer still biggest cause of CI claims - Aegon <p><!--summary start--> Breast cancer was the single most common cause of critical illness (CI) claims in 2017, accounting for 15%, according to Aegon figures, while a quarter (26%) of its CI cancer claims were for breast cancer. <!--summary end--></p> https://www.professionaladviser.com/news/3065132/breast-cancer-biggest-cause-ci-claims-aegon https://www.professionaladviser.com/news/3065132/breast-cancer-biggest-cause-ci-claims-aegon Thu, 25 Oct 2018 12:01:50 +0000 Zurich pays 97% of life protection claims in H1 <p><!--summary start--> Zurich paid 97% of all protection claims during the first half of 2018, the insurer has revealed. Some £116.8m worth of benefits were received by more than 1,500 retail customers with life, critical illness and income protection policies. <!--summary end--></p> https://www.professionaladviser.com/news/3064538/zurich-pays-life-protection-claims-h1 https://www.professionaladviser.com/news/3064538/zurich-pays-life-protection-claims-h1 Mon, 15 Oct 2018 12:35:28 +0000 FTRC opens API access to protection data for product comparison <p><!--summary start--> Financial and Technology Research Centre (FTRC) has announced it is to offer API access to its protection data to allow firms to integrate the firm's product analysis service into third-party services. <!--summary end--></p> https://www.professionaladviser.com/news/3064447/ftrc-api-access-protection-product-comparison https://www.professionaladviser.com/news/3064447/ftrc-api-access-protection-product-comparison Fri, 12 Oct 2018 11:41:59 +0000 Revealed: All the winners of the COVER Excellence Awards 2018 <p><!--summary start--> The life, protection and private medical insurance industry came out in full force to Hilton London Bankside yesterday evening for the COVER Excellence Awards 2018. <!--summary end--></p> https://www.professionaladviser.com/news/3064025/revealed-winners-cover-excellence-awards-2018 https://www.professionaladviser.com/news/3064025/revealed-winners-cover-excellence-awards-2018 Fri, 5 Oct 2018 11:48:39 +0000 F&TRC rolls out age-banded critical illness analysis for advisers <p><!--summary start--> F&TRC has added functionality into its Quality Analyser system that enables advisers to compare critical illness (CI) policies based on an individual's personal circumstances - such as age, gender and term of the plan. <!--summary end--></p> https://www.professionaladviser.com/news/3063522/-trc-rolls-age-banded-critical-illness-analysis-advisers https://www.professionaladviser.com/news/3063522/-trc-rolls-age-banded-critical-illness-analysis-advisers Thu, 27 Sep 2018 11:23:00 +0000 'Sandwich generation' in UK spread too thinly - LV= <p><!--summary start--> An estimated 2.4 million people in the UK - known as the sandwich generation - are now caring for their children as well as their elderly relatives at the same point in their lives. <!--summary end--></p> https://www.professionaladviser.com/news/3063214/sandwich-generation-uk-spread-thinly-lv https://www.professionaladviser.com/news/3063214/sandwich-generation-uk-spread-thinly-lv Fri, 21 Sep 2018 12:37:12 +0000 One in eight would need to sell home without income - Zurich <p><!--summary start--> More than half of UK adults (53%) have had to take unplanned leave from work through injury, sickness or unemployment, yet do not have financial backing in case it happens again, according to research by Zurich. <!--summary end--></p> https://www.professionaladviser.com/news/3063037/-sell-home-income-zurich https://www.professionaladviser.com/news/3063037/-sell-home-income-zurich Wed, 19 Sep 2018 11:23:23 +0000 AIG Life adapts term assurance for IHT planning <p><!--summary start--> AIG Life has enhanced term assurance to help policyholders cover inheritance tax (IHT) liabilities. <!--summary end--></p> https://www.professionaladviser.com/news/3062979/aig-life-adapts-term-assurance-iht-planning https://www.professionaladviser.com/news/3062979/aig-life-adapts-term-assurance-iht-planning Tue, 18 Sep 2018 15:59:54 +0000 Vast majority believe industry pays less than 90% of claims - Aegon <p><!--summary start--> Nine out of 10 people (92%) in the UK believe the protection industry pays out less than 90% of claims each year, research by Aegon suggests. <!--summary end--></p> https://www.professionaladviser.com/ https://www.professionaladviser.com/ Mon, 17 Sep 2018 11:35:15 +0000 Nearly two-thirds of people do not have will in place - Drewberry <p><!--summary start--> The majority of UK adults are risking potential inheritance complications simply because they do not have a will in place, research by Drewberry has shown. <!--summary end--></p> https://www.professionaladviser.com/news/3062771/nearly-thirds-people-drewberry https://www.professionaladviser.com/news/3062771/nearly-thirds-people-drewberry Fri, 14 Sep 2018 09:51:00 +0000 British Friendly extends wills and power of attorney service <p><!--summary start--> Mutual British Friendly has made its free will-writing and power of attorney service available to the partners, spouses, parents and children of its members. <!--summary end--></p> https://www.professionaladviser.com/news/3062720/british-friendly-extends-wills-power-attorney-service https://www.professionaladviser.com/news/3062720/british-friendly-extends-wills-power-attorney-service Thu, 13 Sep 2018 12:00:46 +0000