ABI

Does the external rating of products add value and what can advisers use them for? Ben Heffer explains

Advisers are at risk of further FSA action as miscommunication between AIFA and the ABI means many are not aware of critical illness (CI) sales guidelines released last year.

The ABI's reforms of Total and Permanent Disability (TPD) definitions on critical illness (CI) policies have not been well received by advisers.

Just 4% of the population has made firm plans to fund their future long-term care (LTC) needs while two thirds (63%) have not even considered the matter, according to ABI research.

Fraud is costing the financial services industry £3.6bn per year, according to the National Fraud Authority (NFA).

Bright Grey has extended the definitions of three critical illnesses it covers.

Pension providers have been told to make sure they encourage customers to shop around before offering them an annuity.

The ABI has responded positively to the Office of Fair Trading's (OFT) decision to conduct a study of the private healthcare (PH) market.

Fraudulent insurance claims should allow the immediate cancellation of a policy, according to industrywide representations.

All companies look to assess life claims promptly and efficiently, yet delays do occur, mainly due to probate. Alex Isted looks at an initiative to solve this problem