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Bright Grey launches enhanced simplified life and CI product

Bright Grey has launched an enhanced version of its simplified low-cost life and critical illness product Lifestyle.

Lifestyle plus comes with total permanent disability as standard on life of critical illness cover and advisers can also add payment cover for sickness.

It offers up to £500,000 cover, payments start from £5 a month and advisers have a choice of increasing or decreasing cover.

BG head of product development and technical support Ian Smart says: “There are a growing number of advisers selling protection who want flexible products without the intricacies of the menu product.  The addition of TPD and waiver of premium gives them that added flexibility and protection for their clients. 

“We have already seen a marked increase in the number of advisers whose business model is more suited to going down the simplified products route.  And with RDR hitting, it is a market that is only going to get bigger.”


Old Mutual to return £1bn after selling Nordic firm

Old Mutual is to return £1bn to its shareholders following the sale of its Nordic business to Skandia. In December, the group said it wanted to sell its long-term savings and banking operations in Sweden, Demark and Norway to Skandia for £2.1bn. It intends to return £1bn of net proceeds from the sale to ordinary […]

Charcol’s Lawton joins Which?

John Charcol mortgage director Mike Lawton has left to join Which? as managing director of its mortgage advice service. Lawton started working at Which? this month after eight years at John Charcol. John Charcol director of marketing and communications Drew Wotherspoon says the firm will not replace Lawton following the promotion of sales manager Dan […]


Treasury sets up group to develop simple products

The Treasury has set up a steering group to develop simple financial products. The group will look at setting benchmarks for simple products so they can easily be compared. The products will need to meet individual clients’ needs and offer a fair deal as well as being commercially viable. The group is expected to report […]


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