View more on these topics

ScotProv reprices protection range

Scottish Provident has repriced premium rates on its death and critical illness insurance plans and has redesigned its application form to prevent non-disclosure.

The provider has reduced the majority of rates but some have increased and intermediaries will receive an extra 10 per cent commission if they submit business online.

ScotProv’s protection insurance application form has been redesigned to reduce non-disclosure and changes include more thorough questions in the medical section and encouraging applicants to weigh and measure themselves.

There are also reminders on each page of the form to ensure the customer has provided accurate information and to consult a doctor if they are unsure.

Protection specialist Alan Savery says: “It is no secret that non-disclosure is an issue for the protection industry. We have one of the best records for the proportion of claims we pay and we want to bring rejection rates from non-disclosure down even further.

“These changes will make life much easier for intermediaries and their clients when applying and reduce the risk of an unsuccessful claim.”


Retention seeker

Lender profile Guy Anker finds that BM Solutions is focusing on retention and technology to stave off the challenge of new lenders

Grandfather deal for Mifid

IFAs will still be able to sell complex products to “intermediate” clients under Mifid because of a loophole created by the FSA. Law firm CMS Cameron McKenna says FSA proposals will allow current intermediate clients to be “grandfathered” into the Mifid regime as “professional” clients without having to meet strict new criteria.

Delegates told IHT should stay but be made fairer

The LibDems will not advocate scrapping inheritance tax but are looking at measures such as axing the gift rules in an attempt to make the tax fairer. Speaking at a tax commission debate in Brighton, Shadow Chancellor Vince Cable said the basic principles of IHT were “hard to quarrel with” but he would be looking […]

FSA fines Berry Birch & Noble former chief

Berry Birch & Noble Insurance Brokers former chief executive Paul Harrison has been fined £17,500 by the FSA for failing to have proper systems and controls in place to protect customers’ money held by the firm.BBNIB was authorised as a general insurance broker between Januray 14 2005 and May 8 2006. In July 2005 the […]

Singapore cover image - thumbnail

White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


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