Insurance products that are marketed and sold through advisers need to undergo radical reform to ensure providers stay competitive in a post commission world, the CEO Aegon has warned.
LV= has launched a life cover product that allows employers to set it up on behalf of employees or company directors in a tax-efficient manner.
Life insurers in Western Europe are set to continue to suffer from shrinking markets and low profitability, while globally markets recover, according to global reinsurer Swiss Re.
Tributes are continuing to flood in for Len Warwick CBE, a former president of the Life Insurance Association (LIA), who died on Sunday.
LV= will switch its protection business to gender neutral rates on 1 December and has announced its pipeline strategy for advisers.
The Association of British Insurers (ABI) has proposed an equivalent to the fruit and vegetable ‘five a day' campaign to promote good financial habits.
A range of kitemarked simple products should be introduced to help restore consumer trust in the financial services industry, a Treasury-commissioned review has recommended.