The ABI is starting an expert working group on HIV to inform the insurance industry on best practices and policy in dealing with HIV issues. It will be chaired by Professor Donald Jeffries and includes underwriters from leading reinsurers, medical consultants and pinkfinance.com editor and IFA Chris Morgan.
Over 6m Britons prefer to rent than buy as mortgage phobia is gripping the nation, according to Alliance & Leicester. A&L’s latest quarterly index finds that over six million UK adults would rather rent than buy.Nearly half of these are fearful of getting on the ladder due to the cost of a mortgage.Further, 17 per […]
Having read Simon Chamberlain’s essay arguing for the inclusion of multi-tied agents in Aifa, the same old question looms large.
The Exchange has launched a private medical insurance comparative quotation service, including information from six providers.The six providers for the PMI service are Exeter Friendly Society, Health-on-Line, Norwich Union Healthcare, Prudential Health, Standard Life Healthcare and Freedom Healthnet. Five other providers are also in talks about future involvement.The service will be free to Exweb users […]
Friends Provident saw total life and pensions business rise 33 per cent from 212m to 282m in the first half of 2005 but says the market is difficult to call in the run up to A day. The insurer says margins held up but business volumes in the run up and immediate aftermath of A […]
With continuing legislative changes dominating an already evolving market, regularly auditing your employee benefits schemes has never been more important.
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]