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Lifesearch and ABI open critical talks

Lifesearch is meeting with the ABI for talks on protection providers publishing critical-illness cover claim statistics.

The firm says negative media coverage will hit consumer confidence in the product unless there is greater transparency.

The ABI has no plans for providers to provide CII statistics. It says that compiling industrywide data on declin-ation of claims would not provide any meaningful basis on which customers could compare different companies.

Standard Life has provided case studies to explain why some CII claims are declined in an effort to demystify the product and educate consumers on how CII underwriting works. ScotEq Protect has revealed what payouts it has made on its policies, although it has not detailed how many claims were rejected.

Lifesearch senior technical adviser Kevin Carr says: “Why doesn’t the ABI provide a paper to say what is a genuine claim and what isn’t and give providers some guidelines?”


Vcts drive down dual carriageway

Following FSA warnings over the potential misselling of VCTs, Amanda Newman looks at developments in the market, including the rise in popularity of the dual VCT structure

Abbey adds Credit Suisse and Jupiter to its wrap service

Abbey wrap has added funds from Credit Suisse and Jupiter to its wrap service.Abbey wrap now offers 730 funds from 39 fund managers with preferential terms.Abbey head of wrap propositions Holly Mackay says: “Were committed to offering people a choice of quality managers and Im delighted that CSAM and Jupiter have come on board.”

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here


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