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Canada Life brings in group CI definitions

Canada Life Group Insurance is the first group provider to introduce the ABI’s best practice definitions on group critical-illness cover. Royal Liver and Prudential are so far the only insurers to have adopted the ABI’s individual CI definitions, which must be implemented by April.

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Base rate held at 5.25 per cent

The Bank of England has held interest rates at 5.25 per cent.This follows last month’s quarter point rise. Alliance and Leicester head of intermediary mortgage Mehrdad Yousefi says: “Today’s MPC decision to maintain the base rate at 5.25 per cent will come as a welcome relief to borrowers, but many market analysts will view this […]

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