View more on these topics

Commission increasedon Permanent CI range

Permanent Insurance is off-ering intermediaries increa- sed commission as

part of its revamped critical-illness product range.

Commission is increased to 125 per cent of Lautro rates from 100 per cent.

The new range features improved rates on all five of Permanent&#39s critical-illness products, a new buyback option and no exclusions.

The range also features fast-tracked underwriting for meningitis and CJD

and full-rate guarantee on the company&#39s critical-illness mortgage plan.

Permanent has amended its application forms to try and get all the

relevant inform- ation required for fast-tracked underwriting.

It hopes the new features and commission will help intermediaries boost

sales of protection products.

The company says it is planning to support the new drive with outdoor,

national and trade press coverage plus targeted web advertising with the

strapline: Get some permanent help.

Sales and marketing director Rod Macdonald says: “We have always offered

very competitive and comprehensive cover including a long list of

conditions, no exclusions and worldwide cover.

“Now we are able to put in place competitive premiums, guarantees,

flexibility and speed of underwriting.

“We hope we are building a platform from which independent financial

advisers can sell more critical-illness products beyond the mortgage



Credit where it&#39s due

Traditional mortgage lenders seem slow on the uptake when it comes torecognising the last days of the traditional worker.A great number of people no longer have a job for life. Five millionpeople in the UK are self-employed or on short-term contracts.Most traditional lenders continue to be governed by a rigid credit-ratingsystem which disqualifies borrowers if […]

Woolwich and Halifax in clash on interest deals

Woolwich and Halifax are going head to head by only charging interest onthe difference between customers&#39 borrowings and savings.Woolwich has just set up the Open Plan “offset mortgage”, which it saysbuilds a virtual link between a customer&#39s secured borrowing and savings.This is one of the core propositions of Halifax&#39s new venture, IntelligentFinance, which starts next […]

EMX sets out revised timetable for joining

Electronic trading platform EMX has announced a revised timetable for product providers and IFAs who missed the boat to join up first time round. The new dates are July 31, August 31, September 29 and October 31. Once participants have signed up they go through a trial period to test the functionality of the system. […]

Review drags on as watchdog battles with PSO

A year-long feud between the Inland Revenue and the Financial ServicesOmbudsman is being slammed by the pension industry for delaying theconclusion of the pension review.The ombudsman has been trying to get the Pension Schemes Office to relaxrules which have restricted cases which qualify for the category“unsuitable sale” and require compensation.But consumers and intermediaries are being […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm