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Carr in call to axe TPD from CI lists

Total permanent disability should be scrapped from critical-illness insurance policies as it is a flawed concept, says Lifesearch senior technical adviser Kevin Carr.

Carr says problems with measuring and defining TPD have led to
inappropriate and repeat claims.

He says TPD represents only a small percentage of claims and about 50
per cent of these claims are rejected. He says any savings made on
ditching TPD from CI lists could be used to make premiums more
affordable or redirected to provide claim support services.

Scottish Widows marketing director (protection) Nick Kirwan says the
industry should analyse data on TPD claims paid to date. These should
then be classified into categories with appropriate definitions for
each, replacing TPD.

He says: “TPD definition is open to subjectivity but discarding it
is a heavy penalty to pay just because it cannot be easily


CTFs get top-up

The Chancellor’s pre-Budget report introduced measures to end abuse of tax relief for UK film production. The Treasury says the move, which takes immediate effect, is designed to ensure that the reliefs operate as intended.

Dance of the Severn veils

I have just heard, although not from Aifa, that David Severn, former head of retail investment policy at the FSA, is to replace Paul Smee as Aifa director general. This is either an aston-ishing and very intelligent move or Aifa as an organisation will be hamstrung as it will be led by someone who may […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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