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Canada Life reduces policy fee

Canada Life Group Insurance has announced its policy fee for business written through the eQuotes module of Class will reduce to £100.

Canada Life says following the extension of eQuotes in April 2007, to allow intermediaries to complete the ‘on risk’ process online, this 66 per cent reduction in the policy fee reflects a sharing in the cost efficiencies achieved through the online portal.

The average new business premium on life assurance will be 8 per cent less, income protection will be reduced by 4.5 pre cent and critical illness will be reduced by 11 per cent.

Class business development manager Dan Crook says: “We are delighted to be in a position to offer our clients significant savings on the cost of their group risk policy fees via Class.”


ABI to launch new climate change initiative

The Association of British Insurers will launch a new industry climate change initiative at its third climate change conference, to be held on September 13.The conference will focus on how climate change is affecting weather patterns and increasing costs to insurers, in light of the recent floods which set insurers back more than £3bn.The ABI […]

Origo launches online forum

Origo has announced the launch of an online forum to provide advisers with a platform to share experiences of eservices and seek advice from peers.The online forum, on, offers advisers the opportunity to discuss and share thoughts with other advisers, as well as industry experts in an environment which has been created specifically to […]

Base rate held at 5.75%

The Bank of England’s monetary policy committee voted last week to maintain the base rate at 5.75 per cent. This week, the Bank publishes its inflation report which will influence the direction of any rate move at its next meeting.

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


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