View more on these topics

Axa putting guarantees at centre of Protection proposition

Axa Sun Life is developing a guaranteed-rate product as part of a revamp of its protection proposition due to be unveiled in November.

It is believed that Axa has been studying market developments and pinpointed consumer demand for a guaranteed product.

Product providers believe consumers have become more keen on guaranteed rates because of the hike in premiums since the start of the year.

So far, however, providers have preferred to launch products where the guaranteed rate is reviewed after a fixed period of years.

Actuaries at Axa are as yet undecided on the structure of the new product.

Press relations manger Peter Webb says: “The level of detail is at a very early stage at the moment but there is some development coming out.

“A guaranteed product is something that we have been looking at.”

Recommended

Destini sails in to buy Lifeboat

IFA consolidator Destini is buying the core infrastructure of stricken IFA and non-regulated network Lifeboat in a deal that will see outstanding pipeline commission paid in full. Around 100 RIs will join Destini and between 300 and 400 full-time Lifeboat mortgage and protection brokers will move across to form the basis of Destini&#39s multi-tie offering […]

Lay blame at the right door

Are you not just fed up of the disproportionate criticism of the IFA sector with: •Misselling, over 80 per cent of which is attributable to the tied sector. •Misinformed criticism of fund-based trail commission. With defined-contribution pension provision in the private sector, how does the Treasury select committee expect the essential ongoing advice to be […]

Keydata fills income gap

Keydata has introduced a new issue of the extra income plan, a capital-protected bond linked to the performance of the FTSE 100 index for a term of five years. The bond, which is also available as an Isa and for Pep transfers, provides a choice of annual income at 6.25 per cent gross, quarterly income […]

That&#39s another fine mess…

The compensation scheme&#39s system of payments is in a fine mess. The question is, who got us into it? Is the regulator playing Oliver Hardy to the providers&#39 Stan Laurel? Maybe. The bills for this fatal showdown between IFAs and the FSA over non-payment of their compensation scheme levy have not reached all advisers. Some […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment