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Pru slashes rates for CIC and life insurance

Prudential is slashing its rates for critical illness cover and life insurance, with the new rates applying to new customers only. Existing customers will pay their current rates.

For example, a 40-year old male non-smoker wanting 100,000 level life cover for 20 years would have had to pay a 17.08 monthly premium. This has been reduced to 12.99.

Prudentials mortgage protection plan, a 40-year old male non-smoker would have paid 11.24 a month, compared to the new rate of 10.19.


FSA calls for reduction in KFI length

The FSA is calling for a reduction in the length of KFIs in a letter sent to mortgage lenders this week.The move coincides with a factsheet the regulator will also send out to brokers covering concerns about the accuracy of initial disclosure documents.FSA spokesman Robin Gordon Walker says some KFIs are longer than they need […]

Warning on pension penalty

A pensioner has been hit by a 20 per cent market value reduction because his adviser applied for funds two days before his normal retirement date.

Tenet launches annuity bureau

Tenet is launching an annuity bureau, running alongside its transfer bureau, and the network says the one-stop shop will save IFAs up to five hours per case.

In search of value? Banks and the sectors leading Europe’s recovery

By Rob Burnett, head of European equities, Neptune  After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]


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