July/Aug 2019
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Latest - PROTECTION

  • Protection insurer reports 2 in 5 claims are for broken bones

    15 August 2019

    MetLife UK reports claims paid in the first three months of 2019 rose by 25% and the value of claims paid rose by 28%, with two out of five claims paid during the quarter from customers or their children suffering broken bones. The protection insurer says this underlines the demand for protection policies which...

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  • Expats healthcare problems post Brexit

    13 August 2019

    How can British expats in the EU, either already there or wanting to move, plan for their health insurance after Brexit? Ed Watling, employee benefits consultant, Mattioli Woods looks at EU healthcare and what clients need to bear in mind. According to UN figures, there are an estimated 1.3 million British citizens living in...

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  • CII looks to digitization of medical records to improve access to insurance

    11 August 2019

    The Chartered Insurance Institute has proposed way to shift the medical profession and insurers towards sharing electronic medical records (EHRs) to improve access to insurance for consumers. The Institute’s Shaping the Future of Medical Records and Protection Insurance outlines what work needs to take place in order to build trust in EHRs to avoid the insurance...

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  • News in brief: Legal and General/ VitalityLife/ Canada Life

    1 August 2019

    Legal & General strikes deal with cash savings fintech Raisin UK Legal & General has announced a partnership with Raisin’s Manchester-based fintech Raisin.co.uk, which will provide Legal & General customers with access to FSCS* protected cash savings accounts through the Raisin.co.ukmarketplace. The first phase of the partnership will allow Legal & General customers to compare and...

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  • News in Brief: Transfer values / PIMFA / British Friendly

    25 July 2019

    DB transfer values  June saw a welcome stabilisation of the pensions transfer values, according to XPS Pensions Group’s monthly Transfer watch data. Mark Barlow, senior consultant at the  Group, said transfer values remained relatively flat and “activity continues to run at an annual rate just below 1%. “We also saw the results of the...

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  • Later life care fund idea gaining in popularity

    15 July 2019

    Nearly half of people would be happy to save into a fund for care bills, if the money could be left to family when they die.  In a nationwide study carried out by insurer AIG Life, a special fund which could be passed to beneficiaries was ranked the most popular option by (48%) of people, with...

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  • Importance of Lasting Powers of Attorney under estimated by clients

    8 July 2019

    Financial advice group Chase de Vere has warned that Lasting Powers of Attorney (LPAs) remain under-used and mired by confusion, potentially causing stress and concern to clients. While the number of people using LPAs – a legal document that lets clients appoint one or more people (attorneys) to help make decisions on their behalf...

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  • North/South divide in property funded care costs

    8 July 2019

    As the debate around the cost of social care continues to rage on, property looks likely to make up a significant proportion of how people will fund their care, but the extent it will pay for varies significantly across the country, new research has shown.  With property prices varying hugely and the cost of...

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