Hargreaves Lansdown has brokered a deal with specialist life office Lutine to offer HL clients with life-only policies the option to switch into Lutine’s pension term assurance with no further underwriting.Lutine, which is a syndicate of Lloyd’s of London, says it plans to enter the mainstream market and is developing a suite of term insurance products to be positioned alongside its PTA. It is extending the offer to all Hargreaves Lansdown clients aged under 50 to enable them to get tax relief on their life policies by switching through its online system. The company says 70 per cent of policies are eligible to be converted into its PTA policy. Customers have to sign a declaration saying they have not had any medical problems since the original life policy was written. The company will insure up to £500,000 for policies less than five years old and up to £200,000 for policies between five and seven years. A Lutine spokesman says: “Our plan is to become less specialist and enter the mainstream market. This is our first foray into the mainstream . We are interested in developing our relationships with distributors.” Royal Liver IFA market manager Andy Milburn says: “Customers buying PTA as a replacement for any current ordinary life cover, no matter who they are buying from and how they are buying it, should make sure they are not worse off.”
More paddling pool shenanigans last week as Torquil Clark went to great lengths to keep staff cool in its converted church during the heatwave – remember the heatwave? A paddling pool was installed complete with ice cream, ice cubes and cooler packs to help beat the heatwave. Pensions consultant Rachel Jefferson (pictured below) and marketing […]
I get a little exasperated with all the evangelism concerning commission. If those who seek to change things thought about it a little more, they might realise that: If insurance companies are daft enough to pay these huge sums, why not take them? In the case of life cover, no one says you have to […]
Lifesearch head of protection strategy Kevin Carr fills a variety of roles for the company. He is the PR division, the company spokesman and he manages the media as well as sales relationships with product providers. He is also, according to some, “a rent a quote” and “overexposed”.
Providers which are contemplating the implications of the Pensions Commission report would do well to study two pieces of recently published research.
Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]
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