The ABI has agreed to increase the price paid for GP reports in return for a more professional approach from doctors.The British Medical Association has agreed to provide a clause for GPs asking them to recognise that life insurance is a “social good” which benefits patients and it should be carried out to appropriate professional standards. A five-year deal has been agreed between the ABI and the BMA. For the first year, which starts from September 1, a GP report will cost £74.70 up from £70.50 and an examination will cost £82.20 up from £77.50.
Norwich Union has set off a fierce industry debate by offering 20 per cent up-front commission on regular-contribution business into its invest- ment funds.
Purely Mortgages has cut 19 of its 45 sales staff in a restructure at the broker.It is thought the firm is aiming to bring its costs down to a level that will see it make profit on a smaller turnover than originally projected.The staff that have lost their jobs are not employed by Purely but […]
The Government’s decision to axe home condition reports could double the cost of PI cover for home inspectors, according to PYV. Chief executive Neil Pointon says the Government’s U-turn could have an added effect of raising PI costs for home inspectors as fewer insurers are likely to enter the market, making cover harder to come […]
Fledgling wrap provider Nucleus is in late-stage discussions with a number of IFA firms and expects to have signed up a total of around 50 by the end of the year. Chief executive David Ferguson says Nucleus is in talks with 60 adviser firms but only around 75 per cent meet its criteria of being […]
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Eight exchange-traded funds that prioritise environmental and social targets entered the market in May alone, according to the London Stock Exchange, driving record levels of flows into ESG strategies. LSE says 2018 has been a record year for passive funds prioritising socially and sustainable companies. A total of 31 ESG ETFs holding £3.97bn in assets […]
Retirement product provider Just Group has launched a digital platform that will offer transfer value analysis services. Just Group is starting the wholly-owned HUB Pension Solutions to provide support services for trustees and scheme sponsors. The launch of the new services comes two months after the FCA’s policy statement on defined benefit transfers in March. […]
A law firm is set to issue more than 30 cases against Liberty Sipp in what it believes is the largest number of claims issued against the provider to date. Anthony Philip James & Co alleges the Sipp provider is responsible for the misselling of Sipps between 2011 and 2013. It says it has up […]