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Lib Dems call for more accurate assessment of employer liability insurance

Liberal Democrat small business spokesman Brian Cotter is calling for premiums for employer liability insurance to be based on more accurate risk assessments which take into account employer efforts to minimise risks to their employees.

Cotter said: “Small businesses are being strangled by the higher premiums. Insurers&#39 fear of having to fork out for potential claims is feeding the culture of escalating insurance costs. This cycle is unsustainable.”

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Gary Withers

After university, Gary Withers went travelling, walking around volcanoes, which has stood him in good stead since taking over as Norwich Union Life chief executive in some of the most explosive times ever seen by the industry.He became chief executive last year and believes the insurance industry has “turned the corner”.He says: “I think we […]

Wood warns Government on Sandler plan

Prudential UK chief executive Mark Wood has told the Government its proposed with-profits product will not sell if it adopts Sandler&#39s 100/0 proposal because life offices have insufficient capital to make it work.Speaking at Money Marketing Live in Manchester this week, Wood said that a 90/10 model was better for consumers because, unlike the 100/0 […]

LCP calls for new actuarial approach for closed DB schemes

A new actuarial approach is required for closed defined benefit schemes because the approach used for open schemes is not suitable, say pensions professionals. A poll of employers, pension managers and trustees by Lane Clark & Peacock showed concerns that the full buyout requirement on wind up announced on June 11 means pensions professionals must […]

Product matters – equity release

The Newcastle has joined a handful of other lenders in entering the equity-release market.The majority of the players in this market are smaller societies perhaps looking for a niche but there are some big brands entering so even this niche may be denied in the long run.Newcastle has come into this market with a competitively […]

UK housebuilders remain a value trap – despite post-Brexit falls

Despite the sharp drop in housebuilders following the Brexit result, valuations in the highly illiquid market are still at elevated levels. And whilst some investors may take comfort from superficially low price/earnings multiples, are earnings sustainable over the long term, asks Holly Cassell, Assistant Manager of the Neptune UK Mid Cap Fund. Click here to […]

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