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Tenet offers single form for loan and protection cover

Tenet is redesigning its application forms so clients can buy both mortgage and protection products by filling in a single form. The firm says it wants to encourage IFAs to write business from areas which they may be not be focusing on.

Chief executive Simon Hudson says he is also concerned that advisers writing mortgage business but not recommending building and contents cover could be held liable if their client’s house burns down soon after completion.

Hudson says the UK is massively underinsured despite the huge commission available on many protection products.

He says: “At the moment, IFAs have to go on to each providers’ extranet and download the forms separately.

“In combining the two this should reduce the time taken and ensure a consistent approach regardless of which provider you are writing business with.”

The new forms will be produced by Tenet’s protection support service provider Premier and will be available from next year.


NU pays 80m on critical cover but refuses 23% claims

Norwich Union paid out over 80m for claims on critical-illness policies last year, representing an increase of 23 per cent on claims paid in 2004. The declinature rate was 23 per cent, with 12 per cent of claims turned down due to non-disclosure and 11 per cent due to policy conditions not being met. The […]

Bill Mott set to retire from Credit Suisse

Industry veteran Bill Mott is set to retire from Credit Suisse at the end of the month.The widely respected Mott used to lead manage the group’s flaghip income fund in the mid 1990s before leaving the group in 1997 only to return to the fund in 2000.He famously sold all the technology stocks in the […]

Going West with confidence

This week sees me making my annual pilgrimage to the West Country. I always find these trips useful in helping to put some perspective on the investment world.

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article


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