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Canada Life updates group income protection

Canada Life has increased the limit on the maximum free cover for its group income protection from £90,000 to £100,000.

The insurer has also increased the forward underwriting bar on group IP from 10 per cent to 25 per cent of total benefit and removed the five year time limit so the forward underwriting bar remains valid indefinitely.

Any lives that have been medically underwritten and accepted with a loading of up to +100 per cent for group life and +50 per cent for group IP will now receive a forward underwriting bar.

Head of marketing Marion Ware says: “We are delighted to be able to announce these product updates which will enable us to offer a more competitive service to our customers. These changes will allow us to streamline our underwriting processes. Consequently, we are now able to devote more time to those schemes which require more specific underwriting – allowing us to speed up the whole process for advisers.”


Mergers, movers and shakers

This week’s surprise announcement of the proposed merger of iimia MitonOptimal and Midas Capital will forge what the groups claim will be the biggest multi-asset offering in the market at £2.9bn.

Single minded

We have always been committed to keeping up to date with the changes in this complex and fast moving market and using new technology to make life easier for our clients. We began using Cofunds in 2002 when it was just starting to get established.We work principally with corporate clients to educate and help their […]

Business pleas for help to set up firms

Advisers have welcomed Tory proposals to reduce corporation tax and reinstate taper relief for capital gains tax, claiming current tax and regulatory systems are pushing entrepreneurs out of director Ashley Clark says tax changes are essential if the Government wants to encourage the many disillusioned entrepreneurs to continue setting up businesses. He says: “The […]

Common complaints

E-commerce has long been a crucial issue in the selection of group pension providers but as the deadline for personal accounts looms, it is clear that providers either need to get this issue right or simply decide not to play. Although the Government will no doubt promise a slick, easy-to-use process, the track record of […]

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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