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Benefit boost for income protection

LV= has revamped its income protection product by increasing maximum benefits by over 80 per cent to 150,000.

It has also removed the only remaining standard exclusion across its IP range in a move which it claims makes it the first provider in the intermediary market to have no standard exclusions on life insurance, critical-illness cover or IP.

Other changes include the removal of the HIV exclusion on IP and mortgage payment protection insurance and the introduction of an own-occupation definition for clients whose occupation requires them to drive.

Director of intermediary business Stuart Tragheim says: “We are committed to continually strengthening our award-winning income protection offering. These improvements make us an even more compelling choice, with more comprehensive cover with no standard exclusions and our capability to cater for large cases.

“I am delighted by the developments and innovations we have introduced over the last year which make our propositions more attractive and easier for advisers. Examples include our highly regarded telephone underwriting and online processing services, our added-value benefits Healthy Steps and Extra Care and recent enhancements to our critical-illness cover.”


Matrix feeds Asian property fund

The Matrix Group has brought out the Matrix Asian property income fund, which will aim to generate a rising income and capital growth by investing in a portfolio of Asian property, utilities and infrastructure securities.

Fidelity targets income for life

Fidelity has brought out a fettered fund of funds range that will allow people to build up savings for their retirement and draw a rising income from these assets at a date of their choice.

Standard adds eight funds to life and pensions range

Standard Life has added eight new external funds to its life and pensions range from a providers including Macquarie, Investec, JP Morgan, Schroders and UBS.Standard says the new funds highlighted are Macquarie’s global infrastructure securities, global private equity securities and its global property securities funds – offered on an insured basis exclusively through Standard Life […]


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