MMTV: How can the industry improve critical illness sales?
Critical illness sales have been in decline since 2002. What can be done to help grow the market?
Does the answer lie in adding more conditions, simpler products, better marketing or cheaper premiums?
At this recent event, organised by Lansons and Bright Grey/Scot Prov, ABI assistant director Nick Kirwan, Direct Life & Pensions sales and marketing director Neil McCarthy, Bright Grey and Scot Prov proposition director Roger Edwards, FOS ombudsman Melissa Collett and Financial Mail on Sunday personal finance editor Jeff Prestridge debate possible solutions.
Some investors holding money with Blackmore Bonds are yet to receive July interest payments, despite the firm’s insistence all funds have been transferred and cleared. One such investor has told Money Marketing they have been “ignored” by Blackmore. Chief executive of the mini-bond provider Patrick McCreesh told Money Marketing this week that some investors holding Isas […]
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms “superclean” share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the oxymoronic “clean with rebates”. Asset managers will be very reluctant to implement multiple share classes at varying prices […]
Collapsed Sipp administrator GPC Sipp has nearly £1m in debts owed to creditors according to a statement of affairs document published on Companies House. It shows there is a shortfall of £964,832.00 owed to creditors and most of the Sipp shares are owned by managing director Kathryn Taylor who holds 73 shares. The others are […]