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ABI wants TPD axed from critical-illness plans

The Association of British Insurers is proposing that total permanent disability should be removed from all critical-illness policies by the end of 2010.

In its statement of best practice for CI cover 2009 review consultation paper, the ABI proposes that TPD, in any current form, should not be included in CI policies. In place of TPD, it has devised a set of model definitions it believes will be clearer for consumers and distinguish CI from income protection.

But some ABI members have previously expressed concern over removing TPD.

Bupa individual protection head of product development Steve Casey says the firm is “strongly” against removing TPD completely from CI plans and says it is important that any replacement meets consumers’ needs.

CBK Colchester principal Peter Chadborn says: “I would not be against removing TPD because most people are motivated to take out CI because they relate to one core definition.”


Lighthouse pension advice deal for ARs

Lighthouse Group has launched a specialist pension advice service for its ARs, where cases can be referred to in-house Lighthouse advisers on a fee or commission split basis.

Flexibility factor

Baby boomers are reaching pension age in their masses and they are bringing with them an idealised view of retirement. They could be in retirement for at least 30 years and their income needs over that time will undoubtedly change but are hard to predict.

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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