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Sloc increases allocation rates on 10,000 unit-linked plans

Sun Life of Canada is increasing the allocation rates on 10,000 unit-linked plans at a cost of £17.6m after it found that premiums were incorrectly calculated. The problem meant the plans may not have covered mortgage repayments on maturity.


The policies were sold by Confederation Life between 1988 and 1994 before Sloc acquired the firm. The plans affected are maximum investment plans, home purchase investment plans and universal life plans.

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Zurich revamps critical illness product

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