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L&G looks to add CI conditions

Legal & General is considering covering more conditions through its critical-illness product when it updates its definitions in line with the Association of British Insurers’ statement of best practice.

Its updated product will be introduced in mid-March. Protection marketing director Bonnie Burns says: “We are taking this opportunity to review the product and look at the possibility of covering more illnesses than the ABI definitions.”

Norwich Union has brought in the ABI new policy definitions and has doubled the maximum period that cover is available on its term insurance with CI policy from 25 years to 50 years to reflect changes in the mortgage market.

Royal Liver, Prudential and UnumProvident are the only other individual protection providers to have bring in the new definitions which must be implemented by the end of April.


Deal sees society link up with L&G

Nationwide Building Society and Legal & General have entered into a distribution deal that will mean Nationwide selling L&G’s life, investment and pension products.As part of the deal, L&G is buying Nationwide subsidiaries Nationwide Life and Nationwide Unit Trust Managers.The current value of the two subsidiaries is 285m after the extraction of 70m of capital […]

Baigrie Davies appoints new MD

Baigrie Davies has appointed a new managing director to replace Tom Baigrie who will continue to oversee the adviser firm but will concentrate on the day-to-day running of sister firm Lifesearch.Currently head of financial planning at Baigrie Davies Ian Howe will be taking up the role of md and will be reporting to Tom Baigrie.Howe […]

Financial Express opens Hong Kong office

Financial Express has opened its first offshore office in Hong Kong offering the country’s fund management institutions and financial advisers analytics, factsheet and literature production and webtools.Trustnet co-founder James Jones will head up the office along with Michael K Li who has previously worked as a fund analyst at Gerrards Investment and investment specialist for […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


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