View more on these topics

Advisers still unaware of new CI definitions

Nearly half of advisers are unaware that protection providers’ critical illness cover definitions are changing at the end of April.

In a survey conducted by The Exchange on behalf of Royal Liver, 48 per cent of advisers questioned were unaware that CI cover definitions are changing.

Out of 578 respondents, 86 per cent did not know how many conditions will be easier or harder to claim on.

When asked if a provider had trained advisers or their firms on the new changes, 91 per cent of advisers said no.

Royal Liver IFA market manager Andy Milburn says: “It is good that more advisers know about the changes, the figure has increased from 19 per cent in the first version of this survey in July 2006 to 52 per cent in March 2007.

“Sadly that is still far too low though. The really worrying statistic is the answer to the third question. Less than one in ten advisers have been given training by providers. That is just not good enough and proves the industry has not done enough to communicate these changes effectively.”

Recommended

£1.6Bn war chest as Resolution seeks more acquisitions

Resolution plans to grow its protection proposition and may set up a shareholder-owned annuity company in 2007 to retain vesting pension funds.It remains on the look out for acquisitions despite revealing recently that it is no longer in talks with rivals about a possible trade sale.The group has an estimated surplus of £1.6bn for acquisitions […]

Vava boom

Money Marketing would like to express their gratitude to secret boom maestro Danny Cormack for his help with MMTV on Budget day.Danny is not only our very fabulous display advertising sales executive but is also a dab hand with a boom mic, doing a sterling job with the Cantos crew.Nice one, Danny. Same time next […]

FSA offers free surgeries in the South

The FSA is offering financial advisers, mortgage intermediaries and general insurance brokers in Bournemouth, Portsmouth, and Southampton free surgeries in May.The surgeries will take place in Bournemouth on 15 May, Portsmouth on 16 May and Southampton on 17 May.They are one-to-one appointments, lasting up to one hour, with a member of FSA staff and allow […]

Exchange links with IntelliFlo for two-way quote services

The Exchange’s quotation and new business service, Exweb, will now deliver further integration with Intelligent Office, the back office system from IntelliFlo.IntelliFlo will be able to offer its users a two-way link to the quotes service within Exweb, enabling the quote information to be returned to Intelligent Office.The new business integration capability will re-use the […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment