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ABI publishes income protection best practice statement

The ABI is publishing a revised statement of best practice for income protection insurance to deal with the concerns of the Office of Fair Trading. The statement also includes an ABI Saltr raising standards initiative compliant key features document for income protection.

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Friends Provident is planning a £4.2bn flotation on the stockmarket in July, giving qualifying members share windfalls potentially worth £1,000. The float is expected to raise around £1.4bn of capital, giving the life office a market value of £3.7bn to £4.2bn. All 1.7 million members will qualify for a single fixed allocation of 200 shares […]

NU finds key to stake ads

Norwich Union is launching a £7m TV, poster and press advertising campaign to promote its range of stakeholder pensions. It is one of a handful of players advertising stakeholder and says the campaign shows its commitment to become a market leader. Press ads, focusing on the need for employers to set up schemes before the […]

Test series

As I began to explain last week, the new Enterprise Management Incentives scheme is designed to be a flexible share option scheme with few administrative requirements. Unlike with other share option schemes, the Inland Revenue does not intend to publish any model scheme rules. The original limit on the number of employees participating in an […]

IFonline launches MPPI service

IFonline is launching a new broker service for mortgage payment protection insurance that allows applications to be made without re-keying the data for the mortgage application.The MPPI system follows IFonline&#39s incorporation of a solicitor referral system last month.IFonline sales and marketing director Mike Douglas says: “IFonline is striving to provide useful tools for intermediaries to […]

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