View more on these topics

Norwich Union launches new-style life product

Norwich Union has launched a new-style life insurance product designed to speed up and ease the process of taking out life cover.

Simplified Life Cover will offer most customers life cover without the need for manual underwriting and will be available through Norwich Union’s website and call centre.

The product offers level and decreasing term and uses a streamlined interactive system which can produce instant quotes and acceptance offers from information provided.

Norwich Union head of protection products Louise Colley says: “We have done significant consumer research to understand the barriers creating the chronic iundernsurance we face in the UK and help us understand why so many families are leaving themselves financially exposed.”

“Over half the UK population lack any form of protection cover. Lots of people thonk that life products are complex and confusing, and some find buying a life policy daunting.”


Better lifestyle for retirees who seek financial advice

Consumers who take financial advice are likely to maintain a better standard of living in retirement. Research by Fidelity found that 70 per cent of retired consumers who had taken advice did not have to cut back on their lifestyle and spending habits while 60 per cent of those who did not take advice were […]

Clawback extension to cut churning

Commission clawback periods on personal and stakeholder pensions are set to increase to five years as part of an industrywide bid to clamp down on churning, says Scottish Widows. This would have a major impact on IFAs, with firms such as Aegon and Widows currently operating clawback periods of between 27 months and three years […]

Extra cash would trigger more investing and debt repayment, says WW

Investing and repaying debt take priority for people who come across extra income, says Watson Wyatt. The consultants conducted research asking 2,500 people what they would do with an extra £200 a month. Participants were allowed two responses.Findings showed that 46 per cent would invest at least some of it, 43 per cent would use […]


Confusing cost of Section J

Tony Byrne’s excellent article in Money Marketing (August 24) must have struck a chord with very many IFAs. On December 24, 2005, three of our nine advisers effectively retired. They did not intend to return after Christmas, deeming Christmas a good time to finish, and so finished employment with us prior to December 31, 2005. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm