Insurance broker has posted a pre-tax profit for the 12 months to August 2013, after making a loss a year earlier.
Annual UK Life operating expenses down from £675m in 2012 to £569m in 2013.
Subsidiary Stonebridge International Insurance has been ordered to carry out a past business review.
Value of critical illness payouts has risen 37 per cent to £33.2m.
The protection market has made great progress through innovations like partial payments and severity-based cover, but we are from the finish line.
Consumers don’t need patronised with ‘simple’ products and will only end up with substandard products instead.
DWP secretary of state Iain Duncan Smith needs to address IP benefits rules and help correct people’s misconceptions of the level of state benefits paid out if you are unable to work.
A little bit of positive thinking might just go a very long way.
The protection market needs to learn from the high street retail approach and make transactions a smooth and seemless process using online and offline service as the client dictates.
We must make it easier for existing clients to benefit from product improvements.
Building a business may be your client’s dream, but the self-employed face specific financial planning problems.
Advisers need to consider how and when insurers make partial payments not just that they are included in a critical illness policy.
It is worth getting up to speed on the details and advantages of key man insurance for corporate clients.
From their origins as welfare providers, friendly societies have always had a more personal approach to financial services and although they are having to adapt to the modern world this approach is paying off.