Latest - PROTECTION

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  Aegon speeds up protection application process by 5-days

  21 August 2017

  Aegon claims recent changes to its back-office systems and underwriting processes will significantly speed up the time it takes to put client’s protection in place, saving advisers around five days of waiting. In addition, the assurer says it will let advisers know what extra information it needs for an application via its protection document...

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  New industry body launched to ‘revolutionise’ data movement and automation processes

  26 July 2017

  Criterion, an independent, not-for-profit industry body for Standards and Governance has been launched to take forward and expand upon the existing work undertaken over the past 25 years by Origo in the UK’s long-term savings, investment and protection markets. Caroline Mansley has been named as managing director and said that keeping the consumer front-of-mind...

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  more 2 life launches ‘The Bigger Picture’ campaign 

  8 June 2017

  Equity release provider more 2 life has launched an initiative to encourage advisers to consider all circumstances when advising on equity release, including inheritance protection. Equity release lender, more 2 life, has launched a campaign urging advisers to see ‘The Bigger Picture’ when communicating with their clients. The initiative follows on from the company’s...

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  Aegon raises concerns that householders are under protected on mortgage debt

  22 May 2017

  Aegon recently released protection claims statistics that reveal mortgage debt exceeds the average life insurance pay out, meaning people are likely to be under protected for the amount of mortgage debt they have. According to figures from The Money Charity[1], the estimated average outstanding mortgage for the 11.1 million households with mortgage debt in...

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  Long term care has to be ‘high on the agenda for pre-retirees’, says report.

  2 May 2017

  Two thirds of near-retirees are not factoring the cost of LTC into their retirement plans making the cost of care discussion a high priority item for pre-retirees with their advisers, according to financial planning firm Tilney. In its recent Cost of Tomorrow Report Tilney reveals that 71% of over-45s are not factoring the cost of long-term...

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  Report flags significant lack of insurance protection among families

  24 April 2017

  Parents are more likely to insure their possessions than their health despite over 40% saying they are concerned that they or a member of their family could develop a serious illness and 45% of parents with dependent children could not support their lifestyle for a month if the main breadwinner was unable to work,...

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  Aegon report shows lack of protection cover amongst working women

  27 March 2017

  With nearly half of working women in the UK lacking a financial safety net there is a real need for advisory firms to help women take purchasing protection into their own hands, says the insurer. Aegon’s ‘Protection Matters’ report has revealed that half (48%) of working women* in the UK don’t have any form...

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  Defaqto service ratings 2017 show providers are improving

  7 February 2017

  Defaqto’s research among 15,000 financial advisers about their views on the service they receive from over 200 providers covering DFMs, platforms, pension and bond providers, and protection insurers, shows a marked improvement in service year on year. Under Defaqto’s service ratings service, product providers are rated Bronze, Silver or Gold based on their overall...

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