View more on these topics

NU raises term but mortgage cover falls

Norwich Union is repricing its term and mortgage life insurance rates from next week.

Stand-alone term with no options will rise by an average 0.3 per cent and mortgage life insurance with no options drops by an average of 0.7 per cent.

Premiums will rise by 4.5 per cent for a non-smoking 35-year-old male on a 25-year £100,000 mortgage life insurance plan while premiums for a 45-year-old male with a 15-year £175,000 policy fall by 3.3 per cent.

There is no change for a 30-year-old non-smoking male with a 25-year term policy with a sum assured of £100,000 on the current premium of £9 a month.

Pipeline business with a valid process date before May 23 will be processed at the old rates, as will new business proposals with a valid quote date between April 24 and May 23.

Head of protection development Lawrence Jackson says: “This is a minor price adjustment and we hope to continue to maintain our competitive position in the protection market.”

Recommended

&#39Adviser stole £279k and then murdered pensioner&#39

Worcester financial adviser Peter Crittenden is standing trial on charges of murdering pensioner Joan Beddeson after stealing £279,00 from her. Crittenden, 64, who worked for Young Ridgeway & Associates, is on trial at Chester Crown Court. He denies the charges. He was appointed financial adviser to Beddeson, 71, after she saw a newspaper ad. Crittenden […]

Colin Snowdon

T he hardest part about setting up a new business is name awareness, believes Freedom Finance managing director Colin Snowdon. In Freedom, he believes he has a proposition which is set to make waves in the sub-prime mortgage industry. Snowdon has been a mainstay of the mortgage industry for almost 20 years and has made […]

Group protection offer from Unum

UnumProvident has launched a new product in its group protection product range called Capital Option. The product pays income benefits for an incapacitated employee for two, three or five years. It also will provide a lump sum to an employer to, for example, enhance a pension if an employee is unable to return to work […]

Marlow appointed AFFS marketing chief

Alexander Forbes Financial Services is appointing David Marlow as marketing director. Marlow was previously head of marketing at The Bureaux which was acquired by AFS in January 2004 and will continue to oversee the marketing of The Bureaux companies. AFFS corporate development director Robert Macgregor says: “The corporate pensions market is constantly developing, with the […]

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com