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Cartel before the horse

I refer to the self-imposed total limit of 500,000 per individual for critical illness (across all providers), most notably implemented by Norwich Union and L&G.

This action has caused some major issues for some of my clients and has undoubtedly cost both protagonists serious business at the top end of the scale.

Thankfully, other providers have broken ranks and raised their levels to a more realistic 1m. Most likely, NU and L&G will retaliate and come grovelling back to the marketplace when they realise that their cartel attempt has failed miserably.

Hopefully, the market will remember their very unreasonable stance.

Alan ParkinsonCPD Independent Financial Advisers,

Liverpool

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