Latest - PROTECTION

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  IRESS launches ‘buy now’ term assurance without lengthy underwriting process

  26 February 2019

  IRESS has launched a new adviser-accessible ‘buy-now’ term assurance option through its quote and apply sourcing engine, The Exchange, in a bid to reduce the existing protection gap.  The financial technology business said the new option provides advisers and their clients with absolute price certainty at the point of sale and enables advisers to...

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  Defaqto launches critical illness comparison tool

  17 February 2019

  Defaqto has launched a critical illness cover comparison tool, designed to compare new and historical policies. CIC Compare uses historical data to allocate scores to the main critical illness definitions of all policies dating back to 2009, allowing advisers to compare not just the current versions of products but earlier versions as well as...

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  SMEs looking to increase pensions and benefits for staff

  13 February 2019

  Small and medium sized business owners are set to place greater emphasis on benefits and pensions over the next two years in an effort to boost retention and recruitment levels, new research has shown. In MetLife’s study of companies employing between 50 and 300 staff – which make up around 34,000 businesses across the...

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  Adviser firms missing intergenerational and legacy planning opportunities

  5 February 2019

  Adviser firms are not engaging with clients’ next generations, new research from Octopus Investments has shown, and so are missing opportunities.  Most adviser firms surveyed said they had an existing relationship with only 20% of their clients’ beneficiaries, while 58% said they were actively trying to develop these relationships. However, the overwhelming majority (95%)...

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  MetLife’s MultiProtect product now available through iPipeline Solutionbuilder

  31 January 2019

  MetLife has teamed up with iPipeline to grow the distribution of its accident and hospital cover product MultiProtect, as it seeks to grow the financial protection market in the UK.  MultiProtect will be available to selected distributors who use iPipeline’s protection sourcing solution, SolutionBuilder. It offers policyholders payouts of up to £250 a day for...

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  Income protection provider pays 95.2% of claims in 2018

  26 January 2019

  Specialist individual income protection provider Cirencester Friendly reports it has paid 95.2% of claims in 2018, an increase on the 2017 figure of 94.7%.   The mutual has published its claim statistics annually for 9 years and says that during 2018 it received 973 applications for claim, of which 94.7% were eligible for consideration. This left 948...

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  Aegon launches business protection toolkit

  22 January 2019

  Aegon has launched a new business protection toolkit to provide advisers with support and information when discussing the topic with clients. With over 2.6 million businesses being PAYE and/or VAT registered in the UK, Aegon said there is a vast opportunity for advisers to develop the amount of business protection they write, with as...

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  Child critical illness cover comparison tool launched by F&TRC

  6 January 2019

  Research consultancy group F&TRC has launched new functionality enabling advisers to compare child critical illness cover between insurers. F&TRC said it updated its adviser research hub, Quality Analyser, to help advisers better understand the changes to child CI, after an increasing number of insurers amended the child CI definitions on their propositions over the...

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