News

Zurich has revealed that less than 1% of its critical illness claims were declined for non-disclosure last year.

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.

National IFA Cavanagh Group has confirmed it has entered into preliminary discussions that could lead to the company being taken over.

Danish pension fund ATP is set to launch an alternative to the National Employment Savings Trust, with the help of former Conservative pensions spokesman Nigel Waterson.

Fund manager Liontrust must stump up £415,000 for its contribution to the FSCS levy, a near 2000% increase on last year, as the industry continues to pay the cost of a series of investment firm failures.

The FTSE has broken through 6,000 this morning, following a strong performance from the US with the Dow Jones soaring to a two year high.

Smaller platforms face a "long, hard slog" to get "anywhere near" the top three players who continue to dominate the market, says The Platforum.

The advisory community will pay a smaller proportion of the overall Financial Ombudsman Service (FOS) Levy in 2011/12, although the explosion in PPI cases could cancel out any savings.

The proportion of mortgage deals needing more than a 25% deposit has fallen to a two-year low.

Labour MPs yesterday accused the coalition government of 'short changing' the armed forces by indexing their pensions to CPI rather than RPI.