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L&G has put 25,000 applications on risk with L&G Max underwriting service

Legal & General has put over 25,000 protection applications on risk through its L&G Max underwriting service.

L&G Max captures all relevant information on a consumer’s lifestyle, occupation and family medical history over the telephone on behalf of the adviser and gives an underwriting decision at the end of the call.

Protection product and propositions director Bonnie Burns says advisers would prefer to focus on selling financial products, not becoming medical experts.

She says: “We should take the responsibility of asking customers about their lifestyle and medical background with experienced staff who are trained in this sensitive area. This results in a more cohesive experience for the customer and quicker application turnaround times for advisers.”

Burns says advisers do not need to worry about checking that their client has fully disclosed all medical details on the application form because L&G takes on that responsibility.


PFS and IFP must work together

The nonsense being spouted by Tim Eadon cannot go unchallenged. The PFS needs to adopt an honest, descriptive title for chartered members before it can begin to be taken seriously and gain respect. The title chartered financial planner is a misnomer for many holding it. There is nothing in the syllabus which calls upon an […]

Scale of current credit fears last seen after 9/11, says F&C

Volatility in the financial markets is at its greatest level since September 2001 with the market trading on fear, says F&C.F&C head of asset allocation Paul Niven says the market volatility that has followed the sub-prime lending “carnage” in America has been confirmed by the widespread losses for investors, particularly of hedge funds.He says current […]

Firm bids to build in full online security

The founders of Webline have set up a new business aiming to develop a secure email system for online transactions.Mailock, established by Webline chairman Paul Holland and the firm’s directors, has the full backing of Webline parent Capita. The software is designed to enable secure, straight-through processing.Holland says: “We have been looking at various options […]

MPs call for Government to consult on life assurance unclaimed assets

The Treasury select committee has recommended the Government consults with the insurance industry about future involvement of life assurance assets in the unclaimed assets scheme.In its report, Unclaimed Assets Within the Financial System, the group of MPs acknowledge not enough research has been done to recommend the inclusion of other assets outside of bank and […]

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]


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