Monday, 4 June 2001.
Type: Accident, sickness and unemployment insurance.
Maximum benefit: £1,500 a month or 65 per cent of monthly income, whichever is lower.
Benefit payment term: One or two years.
Deferred period: 30 or 60 days.
Premium: £4.25 per £100 of cover.
Commission: Initial 25 per cent, renewal 25 per cent.
Tel: 01273 477784.
Consumer confidence in the NHS's ability to provide a comprehensive service has been brought into question by research from Standard Life Healthcare. It shows 59 per cent of people believe the NHS cannot provide free treatment for every condition, given the number of new drugs and treatments that have been discovered. Fifty per cent believe […]
Friday, 1 June 2001.Type: Fixed rate mortgage for members of Mortgage Next service.Fixed term: Until July 31, 2006.Fixed rate: 6.09 per cent.Minimum loan: £15,001, remortgages £25,001.Maximum loan: Up to 95 per cent of valuation subject to no maximum.Income multiples: Subject to negotiation.Arrangement fee: £299.Redemption fee: 7 per cent of amount repaid plus £100 until July […]
IFAs are reaping the benefit of the collapse in direct salesforces and now account for nearly 60 per cent of the growing individual life and pension market, according to the latest ABI figures. IFAs took 59.4 per cent or £1.3bn of all new individual life and pension business on an equivalent premium income basis in […]
The underwriting of applicants for life or general insurance products is,at a high level, a simple process. The product provider simply has to decide which applicants to accept andwhich to decline. If only life was so straightforward. The detailed processes which underlie the high-level aim of underwritingare complicated. Before considering these, however, we need to […]
By Fiona Tait, Pension Specialist Royal London firmly believes in the value delivered to clients by financial advisers, not just for one-off events but on an ongoing basis. This is a position we continue to hold in our consultation responses and external communications while always questioning whether there are ways in which we can help […]
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Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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