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Anand has followed CBK records process for two years

Anand Associates says it has successfully followed the underwriting procedure advoc-ated by CBK principal Peter Chadborn in last week’s Money Marketing, whereby a clients’ medical records are submitted with their protection application, for the past two years.

Financial architect James Brooke says if a client cannot confidently answer questions about their medical history, he includes a copy of their records, which he says GPs rarely charge for. He also makes a note on the front of the application which says while the application has been answered honestly, there may be inadvertent or reckless answers. This tells the firm that where there is any doubt, the medical records should take precedence.

Brooke says insurance companies have co-operated with the procedure at no extra charge and underwriting is quicker because GP reports are no longer necessary which proves the procedure is a workable solution to non-disclosure, at least on a small scale.

Brooke says: “The medical records and the statement we include effectively make it impossible for a provider to decline a claim due to inadvertent or reckless non-disclosure.”


Line-up of speakers announced for PFS conference

The Personal Finance Society has announced the line-up of speakers who will address its ‘Face the Future, Meet the Challenge’ conference in Birmingham on November 13-14.

Offshore outlook

HSBC Investments is looking into creating its own funds dealing platform to better enable investor access to offshore funds, something that remains difficult despite the fact that there are very little differences any more between off and onshore fund regimes. Over the years, offshore funds have had a cloudy reputation, due to the perception of […]


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