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Fortis to hold off on move in protection

Fortis is understood to have postponed its entry into the UK protection market until May after delays in agreeing product specifications with reinsurers Swiss Re and SCOR.

The Belgian insurer is still planning on entering with a combined life, critical-illness and income protection plan as part of a menu-based proposition. The product will automatically top up to the full sum assured after paying out on a critical-illness or income protection claim and will have a maximum sum assured of £250,000.

It is now believed the firm will cover 41 critical conditions, more than any provider except PruProtect which covers 154.

Fortis is thought to be planning to soft-launch with a big adviser firm to ensure its systems can cope with a high level of demand.


Towry Law doubles funds in a year to 2bn

Towry Law doubled its funds under management last year, increasing from around 1bn in 2006 to just under 2bn.Turnover rose from 47.3m in 2006 to 51.3m last year while recurring income rose by 34 per cent to 28m from 20.9m. Earnings leapt by 43 per cent from 3.8m to 5.5m.Towry Law says its business is […]

Scottish Re chief set for £500k payout

Scottish Re Group international life reinsurance chief executive David Howell will get over £500,000 if he remains in the role after the business is sold.Money Marketing revealed last month that the Bermuda-based company is selling its international reinsurance operations, including the UK and Asia, as well as its wealth management business, to focus on the […]

A solution for planners

First and foremost, we are a firm of financial planners, not a manager of funds or experts in asset custody, investment dealing or investment administration.

Govt launches consultation to update Myners principles

The Government says it will launch a consultation on updating the Myners principles in response to the National Association of Pension Fund’s recommendations. HM Treasury, the Department for Work and Pensions and The Pensions Regulator have launched the consultation to update the voluntary set of ‘comply or explain’ principles designed to improve trustee investment decision-making […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]


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