View more on these topics

Bright Grey rethinks life cover rates

Protection provider Bright Grey has made changes to its life cover rates.

The firm hopes the changes will help it move up the comparison tables in certain areas of the mortgage protection market, with changes being most effective for non-smokers aged 30 to 40 with terms of more than 25 years.

There is average fall in premiums for this target market of about 4 per cent. For example, a 30-year-old female non-smoker with a 25-year term could expect a rate decrease of 12 per cent. But some rates will rise.

Bright Grey has been trying to establish itself in this competitive field since its entry into the protection market in March last year. The firm follows Norwich Union and Legal & General which have both altered their life rates in the past two months.

Bright Grey communications manager Mark Locke says: “In general, rates in our target markets will decrease but some rates will remain the same and others will increase. We constantly monitor rates and will change them to remain competitively priced and to ensure that our customers continue to get good value.”

Recommended

Carnaby Films – Carnaby International

Type: Enterprise investment scheme Aim: Growth by investing in the worldwide distribution of films and television programmes Minimum investment: Lump sum £2,000 Closing date: July 30, 2004 Charges:Implicit Commission: Initial 3% Tel: 08704 586281

Lenders create partnership to smooth run-up to M-Day

Tenet&#39s mortgage and general insurance subsidiary Lifetime Insurance Mortgage Experts has joined with 10 UK lenders to set up the Select Lender Partnership providing information in the run-up to M-Day. The partnership will offer support in all areas of mortgage business to its 2,500 IFA members. The main aim is to provide support and information […]

Kleinwort Benson rotates towards IFAs

KLEINWORT BENSON PRIVATE BANK ELITE ROTATOR Type: Capital-protected offshore fund Aim: Growth by investing in an actively managed portfolio of 16 investment funds Minimum investment: Lump sum £50,000 Investment split: 100% linked to the performance of a portfolio of 16 investment funds Place of registration: Luxemburg Term: Five years and three months Return: 100% protection […]

Beware of the dog

The spate of mergers and acquisitions in the IFA sector has slowed in recent months. This is not surprising as there has been a general lull in completed deals and most of the big players made their strategic moves for the post-depolarisation world some time ago. However, with depolarisation around the corner and new business […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment