Latest - PROTECTION

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  Royal London introduces enhancements to its critical illness cover

  12 December 2018

  Royal London has introduced enhancements to its critical illness cover (CI) for three of the most common areas for claim – cancer, heart conditions and multiple sclerosis. This, the business says, will allow it to pay out in a wider range of circumstances.  The enhanced CI sees the addition of full payments for both...

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  December Issue OUT NOW

  28 November 2018

  Paraplanner profile: This issue, in the first of a two part interview, Rob Kingsbury spoke with Chetan Ravalia, paraplanning manager, and Codie Smith, paraplanner, at Cooper Parry Wealth about how they work as ‘paraplanners’ since the firm restructured We also asked Dan Atkinson to provide insight into how his role has changed in his...

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  90% of entitled yet to reclaim Power of Attorney fees

  27 November 2018

  Royal London has said a government scheme to refund large numbers of people who have been overcharged when registering a power of attorney has not worked to its desired effect.  According to figures obtained under a Freedom of Information Act, just 203,000 out of a possible 1.9 million people had claimed by 28 August,...

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  TDQ – Powers of Attorney

  1 November 2018

  The incidence of Powers of Attorney being tested in CII exams AF1 and J02 are high, so make sure you are prepared, says Catriona Standingford of Brand Financial Training Powers of Attorney is tested in CII AF1 (personal tax and trust planning) and CII J02 (Trusts). Within the syllabus for J02 learning outcome 4...

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  Benefits for employers providing access to financial advice

  18 October 2018

  Employers who provide financial advice to their employees will benefit their businesses and could save themselves money, research by Chase de Vere has shown. In contrast, those who don’t could find they disadvantage their businesses as a result, the wealth manager and corporate adviser says. The research found that 83% of employers believed financial...

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  New protection comparison functionality scores policies most likely to pay out

  8 October 2018

  The Finance & Technology Research Centre (F&TRC)  has launched a new functionality within its Quality Analyser system, enabling advisers an paraplanners to compare critical illness policies based on personal circumstances, age, gender and the term of the plan. There are currently over 200 different conditions covered by CI products, making it increasingly difficult for...

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  Consumer scepticism of protection products needs to be tackled

  19 September 2018

  Many consumers remain sceptical about the level of insurance claims paid out, new research from Aegon has shown.  An overwhelming 92% of people believed the UK insurance industry pays out less than 90% of protection claims each year, with just 8% believing the figure was higher than that. Aegon labeled the findings “disturbingly low”...

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  Monthly income preferred over lump sum insurance payouts

  21 August 2018

  The majority of people would prefer insurance that pays a monthly income rather than a lump sum, new research by Aegon has shown.  The insurance giant said 58% of people expressed a preference for monthly payments. To meet this demand, Aegon has added critical illness (CI) family income benefit (FIB) and life with CI...

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