Story by: David Pawsey, Financial Adviser
Credit providers should only be able to offer customers payment protection insurance two weeks after the point of sale, the Competition Commission has proposed.
Lifesearch welcomed Norwich Union's first half of 2008 critical illness figures last week as evidence of insurers getting "their houses in order".
Lincoln Financial Group is considering a move into the equity release market due to the increasing opportunities presented by the sector.
Clydesdale and Yorkshire Banks are teaming up with Axa Life to provide retail customers with a range of investment and protection products.
PruProtect customers who demonstrate a healthy lifestyle could see their premiums cut and be able to lock-in these reductions, under plans announced last week.
Zurich has launched a business protection tool for advisers who are new to the market.
Price is the deciding factor for advisers when placing business protection, with 85 per cent choosing a provider based on cost.
PruProtect has made several enhancements to its existing product range and removed potential price increases to allow policyholders to reduce their premiums every year and 'lock-in' their lowest rate.
Norwich Union saw the number of critical illness (CI) claims declined for non-disclosure of medical information fall to 1.5 per cent in the first half of 2008.
Exeter Friendly Society is to launch a new healthcare plan that imposes no financial limits on the private treatment it covers.
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