View more on these topics

Unum first to lift HIV exclusion

UnumProvident is removing the HIV/Aids exclusion on group income protection policies in a move it claims will make it unique in the marketplace.

All new quotations will automatically include HIV/Aids cover while existing policyholders will have the cover included at their next rate review. The exclusion can only currently be lifted if clients pay an additional premium.

Unum says the move reflects its progressive attitude towards protection, with the Disability Discrimination Act coming into force in October. The Act classifies HIV/Aids as a disability, which means sufferers will be able to claim discrimination if they are dismissed or discriminated against because of their illness.

Unum says lifting the exclusion also protects policyholders&#39 rights under the Data Protection Act, which allows individuals to decline consent for their employer to be told if they have HIV or Aids. Unum says if it told an employer that it declined a claim on the basis of the exclusion, it would reveal that the individual is HIV-positive.

Customer services director Cheryl Stewart says: “The move reflects wider social and policy changes designed to stop discrimination against disabled people in the workplace, such as upcoming adjustments to the Disability Discrimination Act.”

Recommended

Fears grow that Sandler will come under RU64

Insurers say they are increasingly worried that the FSA intends to apply the RU64 requirements to Sandler-style products, a “significant disincentive” which would require IFAs to justify every non-Sandler product recommendation. Members of the ABI&#39s regulation and distribution committee are concerned that despite FSA assurances that RU64 would not be in the Sandler sales regime, […]

Slick Standard Lifers hauled over the carpet

An illuminating moment at Standard Life&#39s annual general meeting last week came as a disgruntled punter, when asked his name while calling for chief executive Sandy Crombie&#39s head on a plate, responded: “You might remember me, you wrote back to me last year reassuring me about the company&#39s mutual status.” Flashes of policyholder anger such […]

Pru chief challenges HL stance

Prudential UK chief executive Mark Wood has castigated IFA Hargreaves Lansdown, describing its decision not to offer with-profits bonds as a “dereliction of duty”. Wood made the charge in the Money Marketing with-profits debate recently in response to criticism of with-profits and the Pru&#39s own offering. Earlier in the debate, Hargreaves Lansdown head of pensions […]

Investment edge

Out of all the ideas that are thought up every day, some are crazier than others. Most disappear without a trace while some develop sufficient momentum to live a short while. Others acquire the necessary oxygen to merit attention. These become the items on our “to do” lists. They clog up our electronic mailboxes, tie […]

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