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Widow&#39s closing pre-funded LTC plan

Scottish Widows is closing its pre-funded long term care plan to new business from the end of May. Widows says it has taken the decision due to reduced lack of demand for the product. The cost of cover has also increased due to poor claims experience. Existing customers&#39 policies will remain unaffected. BUPA is now the sole provider in the pre-funded LTC market


Call for IFA aid on menu system

The FSA has accepted it is having problems designing a workable menu system that covers three sets of conduct of business rules and says it is not too late for IFAs to influence the debate. Managing director David Kenmir told a gathering of IFAs he wants to find a way around the complexity of its […]

Advisers must account for CI rebroking to get PI renewed

Professional indemnity insurers are turning their attention to critical-illness insurance rebroking, telling IFAs they will have to account for any of this business before they see their coverage renewed. Speaking at the Money Marketing Fair Deal for IFAs round table, Direct Life & Pensions sales and marketing director Richard Verdin said his firm was told […]

Davy dismissive of FSA &#39plot&#39 to oust small IFAs

DBS and SimplyBiz founder Ken Davy has hit out at Scottish Widows&#39 claim that the FSA is using the professional indemnity insurance crisis to push IFAs into consolidation. Widows chief executive Archie Kane told Money Marketing last week that he believes the FSA is pushing IFAs towards consolidation by increasing the regulatory burden and through […]

Hit and myth

There have been criticisms of equity-release schemes in the media, including Which? magazine, and this article is intended to respond to those criticisms and to dispel some of the widely held myths about equity release. First, there are two types of equity release. The first is where you sell your property or part of it. […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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