Trevor Matthews backs Australian life cover model

In a speech to delegates at the 12th 'Future of Life Assurance' conference, Matthews says the advent of Personal Accounts presents a "gold-plated" opportunity for the Government to extend life cover in the UK. He says the nation can learn from its antipodean cousins and build on the Australian model, which sees a small weekly premium per person from the employer secure significant life cover for younger employees, which scales down as the employee gets older. "The advent of Personal Accounts is a gold-plated opportunity for our industry to add value, but one which- if we are not careful...