View more on these topics

Protection moving online

The vast majority of protection policies are now written online, according to Royal Liver.

Research by the firm among 567 advisers shows 90 per cent prefer internet-based applications. IFA market manager Andy Milburn says online facilities make sense for advisers writing protection alongside mortgages, as most mortgage business is conducted on the web.

He says: “Providers offering paper-based and online new business processes are going to have to consider the costs of keeping the paper process going. At some point, paper will become unviable and providers will have to make the decision to remove it or lose money in keeping it going.”

CBK principal Peter Chadborn says: “Providers are putting more resources into online capabilities and less into paper but there are still improvements to be made. We separate the advice and application processes so the client is not always present which makes it difficult but we do not want to be Luddites.”

Recommended

Varying quality

If you are interested in variable annuities, look at the new Lincoln product. There are three US products of this type competing for attention in the UK market, with Lincoln following Hartford and Met Life. Of the three, Lincoln’s plan may be most appealing.Like the others, Lincoln offers a choice of funds, including multi-manager solutions […]

LibDems accuse Government of personal account “sell out”

The LibDems have attacked the Government’s decision to cut the personal account contribution cap to £3,600 accusing it of “selling out” to the industry.Despite the general support that has greeted the Government’s change of heart, LibDem Shadow Work and Pensions Secretary David laws says the move risks putting the interests of providers before savers.Laws says: […]

Bennett named as new group CEO for A&L

Alliance & Leicester has appointed group finance director David Bennett as group chief executive, effective from July 27.Former group chief executive Richard Pym asked the board in February to consider his successor, resulting in a search of external and internal candidates. He will retire from the board on July 27. Current managing director, retail banking […]

thimbnail

Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.

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