Scottish Widows has published its protection claims statistics, which show that more than £219m was paid out in life and critical illness claims in 2015, equating to an average of more than £4m per week.
The company paid out just under 99% (98.9%) of life claims, remaining in line with the claims paid in 2014. Scottish Widows paid 90.5% of critical illness claims, an increase of 0.9% compared with 2014....
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The Financial Conduct Authority (FCA) has published a defined benefit (DB) transfer tool which it said should help firms understand its file review methodology for DB transfer advice. But what exactly is it and why should advisers care?
131 firms have authorisations revoked