Axa has abolished automatic GP report limits for people under 45 applying for life or critical-illness products. Automatic GPR limits for income protection applications by under-45s will increase to £50,000.
Citigroup has appointed former US Treasury secretary Robert Rubin as chairman and former Schroders chief Sir Win Bischoff as temporary chief executive following the resignation of Charles Prince III. Citigroup says it must write down an extra $8bn-$11bn in leveraged and sub-prime loans.
Fortis is planning to enter the protection market with a combined life, critical-illness and income protection plan.Sources say the plan will automatically top up to the full sum assured after paying out on a critical illness or income protection claim.Money Marketing understands the product will have a maximum sum assured of £250,000 and will be […]
Aegon director of risk and regulation Graham Dumble is leaving the firm after 30 years.Dumble joined Scottish Equitable in 1977 and was managing director of Aegon’s life and pensions business division from 1999 until October 2005.He moved to head its risk and regulation team, also responsible for industry affairs, legal and property, following a restructure […]
Sam Shaw is a reporter on Money MarketingWith Money Marketing Live being held in the motherland of Manchester this week, I took the opportunity to tag my train journey onto the back of a weekend visiting the parents and a few friends. The G-Mex was once again filled with many an IFA scurrying around to […]
New research has proven the positive impact that protection, health and wellbeing (PH&W) benefits have upon a business.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]