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More Than links up with life broker

More Than, the direct-selling arm of Royal & Sun Alliance, is relaunching into life insurance using independent broker Direct Life & Pensions to search the market.

Since R&SA closed to new life and pension business in August, More Than has not been able to sell life insurance.

More Than customers will now be able to buy mortgage protection insurance with or without critical-illness cover, waiver options, term insurance and stand-alone critical-illness cover.

Distribution will be through the internet, phone or post, with web-based customers getting the three best premiums available while others will get the single cheapest.

More Than group product manager, health & protection, Chris Pratt says: “Our research demonstrated that no single life insurer has consistently offered the best price for every customer all of the time and we concluded a brokered solution would be best.”


6% return without equities

Investors satisfied with returns up to 6 per cent should spurn equity markets entirely to concentrate on a lower-risk portfolio, according to Morley Fund Management. During a presentation on investment strategies in the bear market at the IMA conference, Morley chief investment officer Gerald Holtham said an equityfree portfolio would probably beat expectations as it […]

Bedlam offers asylum from fund charges

Bedlam Asset Management, the investment company named after the notorious London lunatic asylum, is launching this week, promising to charge a management fee to investors only if its funds perform well. It is offering UK, global and emerging markets Oeics and will charge a fee only if the Dublin-listed funds return at least 1.25 per […]

Pru sells German business to Canada Life

Prudential has sold its German life assurance business to Canada Life for £82m.The business operated under the Scottish Amicable Life International banner and was underwritten by Prudential International Assurance in Dublin. The deal safeguards the jobs of the 167 employees in Germany. In addition 65 staff in Dublin will transfer to Canada Life when the […]

&#39Caps could block protection in suite&#39

The potential for protection products to be included in the Sandler suite of products is limited because price caps in that market are unworkable, according to consulting actuaries Watson Wyatt. Price caps in protection would severely damage the marketplace as it would prevent ancillary benefits which providers rely on to differentiate themselves from competitors, the […]


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