Latest - PROTECTION

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  FCA figures illustrate costs discrepancy between small and scaled up adviser firms

  16 June 2019

  Latest FCA figures show that smaller financial advice firms are contending with higher insurance premiums than their bigger counterparts. This illustrates the growing need for firms to scale up, suggests Canada Life.  According to the FCA figures, firms with less than £100,000 in revenues tend to spend 4% of their revenues on insurance, a figure...

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  VitalityLife signs to Protection Distributors Group pledge

  6 June 2019

  Insurance group VitalityLife has signed up to the Protection Distributors Group’s Claims Charter and Funeral Pledge.  The Claims Charter initiative, introduced in 2018, is designed to assist claims by offering a caring, efficient and hassle-free process.  A dedicated claims handler, fast payment of approved claims, regular contact with claimants and notification of claims to...

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  Digital vault for life important documents launching for adviser clients

  23 May 2019

  A new digital platform to help clients of adviser firms to securely organise, store and share their most important life information is currently under beta testing with a view to launch in June.   The SecureTheFile platform will be offered through professional services – first to financial advisers and then to accountants and solicitors –...

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  Provision for pets often overlooked in Wills

  12 May 2019

  When it comes to making provisions for our next of kin, there is one companion that often is overlooked – our pets. Will writing group Farewill highlights that as a nation, we owned 51 million pets in 2018, with 25% of UK adults owning a cat and a further 24% opting to keep a...

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  Aegon enhances online service for business protection

  16 April 2019

  Aegon has rolled out a faster, more intuitive online service for its business protection and relevant life products to help save adviser firms time and simplify the application process. It follows on from a similar upgrade to Aegon’s personal protection and whole of life products last year. Aegon said the enhanced service would enable...

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• Advice firms predict protection market growth

  9 April 2019

  Adviser firms are predicting growth in the protection market, but are split over how to expand the market, a new survey has shown. The study from MetLife UK found advisers expect sales of individual protection to grow by 18% over the next two years. Almost two out of five (38%) say there is a...

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  Standard Life turns spotlight on endometriosis

  1 April 2019

  One in six women who suffer from endometriosis could be forced to give up work as a result of their condition, new research from Standard Life has shown.   The long-term condition, where tissue grows beyond the lining of the womb to other parts of the body, can significantly impact sufferers’ professional and personal lives...

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  Chancellor plans legislation to protect financial services post Brexit

  13 March 2019

  In Spring Statement Chancellor Phillip Hammond focussed on protecting financial services post Brexit, while commentators saw no reason for changes to pensions tax relief and a glimmer of hope for social care policies. Chancellor Phillip Hammond used his Spring Statement to outline plans to introduce new financial services legislation in the immediate aftermath of the...

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