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CI-diagnosis-medical-check up-protection

ABI clarifies partial payments in updated CI practice code

18 December 2014 8:24 am | By Devraj Ray

Updated practice code outlines the effect of additional and partial payments on the overall sum assured.

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Protection Review expands into retirement income market

10 December 2014 10:35 am | By Devraj Ray

New body will host its inaugural conference in February 2015.

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Ageas plans whole of life LTC plan

9 December 2014 4:33 pm | By Devraj Ray

Ageas UK is planning to launch a whole of life protection plan with an option to cover the cost of long-term care.

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Gary Duggan to step down as Paymentshield CEO

5 December 2014 12:56 pm | By Devraj Ray

Duggan joined Paymentshield as chief executive in July this year.

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Top Aviva investor slashes stake ahead of Friends deal

5 December 2014 8:53 am | By Devraj Ray

One of Aviva’s largest institutional shareholders has cut its investment by more than two-thirds.

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Scottish Widows eyes sale of offshore investment business

1 December 2014 9:37 am | By Devraj Ray

Clerical Medical International believed to have an embedded value of £200m.

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L&G restructures following John Pollock exit

28 November 2014 9:48 am | By Sam Brodbeck

Savings split into mature and digital divisions.

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PTFS to launch quality-based fee structure

20 November 2014 12:01 pm | By Samuel Dale

The network says will quality advisers will not subsidise those who under-perform.

Comments (1)

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Lloyds and Which? moves lay bare protection advice challenges

20 November 2014 11:30 am | By Natalie Holt

As Lloyds and Which? pull back from in-house protection advice, where are the protection innovators?

Comments (5)

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VitalityLife launches into short-term IP market

20 November 2014 10:41 am | By Tessa Norman

Provider formerly known as PruProtect has also launched LTC offering and mortgage incapacity cover. 

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Zurich to offer long-term care protection in whole of life policy

20 November 2014 9:30 am | By Samuel Dale

Zurich says it is responding to customer demand rather than Government reforms.

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Reliance Mutual launches D2C online protection plans

17 November 2014 10:13 am | By Samuel Dale

New online system will use Wonga-style online sliders to vary pricing and cover.

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Architect of critical illness cover passes away

14 November 2014 9:59 am | By Natalie Holt

Dr Marius Barnard brought the first CI product to market in 1983.

Comments (6)

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Lloyds axes protection advice; 1,200 jobs at risk

13 November 2014 4:09 pm | By Tessa Norman

Bank will no longer offer standalone protection advice due to a ‘lack of demand’. 

Comments (14)

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Which? scraps plan for protection advice arm

13 November 2014 1:21 pm | By Devraj Ray

Consumer champion had planned to provide protection advice to consumers using its Which? Mortgage Advice service.

Comments (7)

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Friends Life sales surge despite Budget annuities hit

11 November 2014 8:56 am | By Tom Selby

Friends Life’s UK division saw sales increase 11 per cent in the nine months to September 2014.

Comments (1)

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Prudential sells 25% stake in PruProtect and PruHealth

10 November 2014 10:33 am | By Devraj Ray

Prudential confirms £155m sale of PruHealth and PruProtect to majority shareholder Discovery Group Europe.

Comments (2)

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Transact and Ageas Protect launch investment-linked protection

5 November 2014 12:56 pm | By Tessa Norman

Term assurance product launched through pilot. 

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L&G individual annuity sales drop cushioned by surge in bulk deals

4 November 2014 8:50 am | By Tom Selby

The impact of the reforms has been cushioned, however, by a rapid rise in bulk annuity business during the year.

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Seven Families income protection awareness campaign launches

3 November 2014 11:39 am | By Devraj Ray

Eighteen insurance and reinsurance providers have backed the initiative which aims to raise awareness around income protection.

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Aegon UK signs up to Seven Families campaign

31 October 2014 9:41 am | By Devraj Ray

Income protection initiative set to launch next week.

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LV= sees post-Budget with-profits boost

27 October 2014 12:26 pm | By Sam Brodbeck

With-profits sales are up 62 per cent from £69m to £112m. 

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Aegon launches IHT-targeted whole of life policy

20 October 2014 9:34 am | By Devraj Ray

Policy is placed in trust at application, exempting any payout from IHT liability.

Comments (1)

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LV= protection head Mark Jones exits

9 October 2014 3:30 pm | By Tessa Norman

Jones steps down after four years with the provider. 

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PRA to raise annuity FSCS compensation limit

7 October 2014 9:33 am | By Tom Selby

The Prudential Regulation Authority has set out plans to raise the FSCS compensation limit for annuities to 100 per cent of the fund.

Comments (1)

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Ryan Direct Group set to buy Assurant Intermediary

6 October 2014 9:47 am | By Devraj Ray

Deal expected to complete later this year.

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PruProtect eyes whole of life LTC launch

2 October 2014 2:00 pm | By Devraj Ray

Money Marketing understands PruProtect will launch the new product next month, with Ageas UK set to follow in February 2015.

Comments (2)

MCarney

Carney warns insurers he could act over capital levels

25 September 2014 3:07 pm | By Samuel Dale

Bank of England governor Mark Carney delivered a speech to the Institute and Faculty of Actuaries.

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ABI holds talks on publishing short-term IP claims stats

25 September 2014 9:30 am | By Tessa Norman

Trade body agrees to collate data with a view to possibly publishing it in future. 

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Openwork acquires MetLife protection advisers

25 September 2014 | By Michael Glenister

MetLife to focus on product manufacturing but other insurers weigh growth of direct salesforce

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Royal London appoints ex-Capita director to protection division

23 September 2014 10:20 am | By Tessa Norman

Debbie Kennedy joins provider’s intermediary protection business. 

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L&G upgrades critical illness proposition

22 September 2014 11:46 am | By Devraj Ray

Provider has not upgraded its CI definitions in 17 months.

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Labour plays down Govt role to boost protection

22 September 2014 9:09 am | By Samuel Dale

Shadow financial secretary Cathy Jamieson says Government should not intervene.

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Return of the direct salesforce? Aviva eyes protection advice network

19 September 2014 8:30 am | By Michael Glenister

As Aviva prepares to return to face-to-face protection advice, are we about to see the direct salesforce make a comeback?

Comments (3)

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UnderwriteMe launches with four providers

16 September 2014 2:43 pm | By Devraj Ray

Software provides price estimates, underwritten quote comparisons and additional benefits at point of sale.

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L&G protection and savings chief John Pollock to retire

16 September 2014 9:51 am | By Tessa Norman

Pollock to step down from board in May 2015. 

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Aviva chair John McFarlane to join Barclays

12 September 2014 9:30 am | By Natalie Holt

McFarlane will replace Sir David Walker as chairman of Barclays in April

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Friends Life restructure sees UK protection director Steve Payne depart

4 September 2014 10:32 am | By Devraj Ray

Group protection director David Williams also set to leave insurer.

Comments (1)

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FCA forces banks to reopen over two million PPI complaints

4 September 2014 | By Steve Tolley

Banks asked to reasses over two million old complaints and write to five million customers at “high risk” of having being missold

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FCA reopens over two million PPI complaints

29 August 2014 11:13 am | By Steve Tolley

Regulator asks firms to review complaints about missold PPI as redress bill hits £16bn.

Comments (9)

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