ABI

HM Treasury (HMT) is suggesting simplified financial products should be defined as sellable without advice.

Philippa Gee, managing director of Philippa Gee Wealth Management, has digested Dilnot's proposed reforms on care home funding and found a few things which stick in her throat...

The ABI has voiced its concern over the lack of clarity surrounding legacy rules and said the regulator's latest stance marks a "fundamental" change to the Retail Distribution Review (RDR).

The middle classes should pay the first £35,000 of their old age care and be encouraged to take out insurance to cover costs, according to reports.

Failure to act on the Dilnot Commission would be 'catastrophic', according to the ABI, Society for Later Life Advisers (SOLLA) and other bodies in the long term care (LTC) sector.

Jonathan Rees, director general of the Government Equalities Office, has reassured insurers there will not be a ban on age-based insurance pricing in the near future.

Zurich has amended its critical illness (CI) plans and produced a multi-media pack to help advisers promote the benefits of the product's cover.

Any new legislation implementing private sector involvement in supporting the welfare state will not happen until a potential second term, according to the ABI.

In May, Heath Lambert launched www.heathlambertannuity.com, an online portal aimed at helping people to receive the best annuity quote possible. Director Stuart Grennan tells Helen Morrissey about the service

Vince Cable has admitted Britons will have to take greater responsibility for their own protection needs in the future following the welfare reforms.