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Standard Life goes against the grain

Standard Life has said it will focus on the UK market as its major source of future growth, unlike its competitors who are looking to Europe and Asia for expansion.

• Date published: 18.03.2010

Hannover Life singles out better PruProtect CI cover

Policyholders with PruProtect's serious illness cover are more likely to receive a pay-out when compared with traditional critical illness cover, according to research from reinsurer Hannover Life Re.

• Date published: 18.03.2010

Resolution to make its move by year end

There is a "long list" of potential targets that Resolution is aiming for and it hopes to have an acquisition by the end of the year according to its spokesman.

• Date published: 18.03.2010

Standard Life reveals changes across the board

Standard Life has announced £200m of investment in its corporate and retail propositions after reporting a 1.5 per cent fall in operating profits for 2009.

• Date published: 18.03.2010

CI sales buoyant against declining mortgage market

Sales of critical illness have not suffered as much as expected in the face of a declining mortgage market, according to a report by Defaqto.

• Date published: 18.03.2010

Zurich launches microsite to bridge protection gap

Zurich UK Life has launched a dedicated microsite for protection advisers aimed to help them better service their clients while at the same time helping the industry bridge the protection gap.

• Date published: 17.03.2010

Aegon pilots physiotherapy scheme for IP customers

Aegon has launched a six month physiotherapy pilot for its income protection and waiver of premium customers who suffer from a musculoskeletal condition.

• Date published: 17.03.2010

Friends Prov calls on firms to keep employee benefits

Research from Friends Provident has revealed that firms should refrain from making cuts to group risk and health benefits highly valued by staff members.

• Date published: 16.03.2010

Due diligence warning on life settlement fund managers

Investors could end up choosing an inappropriate investment manager for their life settlement fund if they do not ask the right questions during the diligence process, SL Investment Management has warned.

• Date published: 15.03.2010

Friends Provident managing director Simon Clamp dies

Simon Clamp, managing director at Friends Provident, died earlier today (12 March), following a short illness.

• Date published: 12.03.2010

LV= appoints life and pensions MD

LV= has appointed Richard Rowney as managing director of its life and pensions business, to replace Rodney Cook, who moves to Just Retirement later this year.

• Date published: 11.03.2010

FSA 'stumbles on road' to reviewing PPI complaints

The FSA has dropped suggestions for firms to review previous complaints about payment protection insurance after announcing a further six-week consultation on the sale of PPI following industry criticism of the proposals.

• Date published: 11.03.2010

SimplyBiz teams up with Towergate Risk Solutions

SimplyBiz has teamed up with Towergate Risk Solutions to give its members access to a broad range of commercial insurance products.

• Date published: 11.03.2010

AIG sells Alico off to MetLife

MetLife has bought Alico, the foreign life insurance arm of AIG.

• Date published: 11.03.2010

Unum highlights sick note replacement changes

Unum is alerting employers of the need to prepare for the advent of fit notes which will replace the traditional sick note from 6 April 2010.

• Date published: 11.03.2010

Friends unveils business protection online seminars

Friends Provident is launching three new business protection online seminars which will be available to advisers from 22 March.

• Date published: 11.03.2010

Cheaper premiums for smokers if they quit: Defaqto

Smokers could benefit from cheaper life assurance by informing their provider of plans to kick the habit, analysts have found.

• Date published: 11.03.2010

Bothered Britain shows voters monitor healthcare plans

• Date published: 11.03.2010

Aegon launches tele-claims service after successful trials

Aegon has rolled out its tele-claims service for critical and terminal illness, after a pilot at the end of last year saw the time it took for claims decisions cut by half.

• Date published: 11.03.2010

Thoresen makes Aegon board appointments

Aegon UK has continued its management reshuffle with the appointment of Iain Black as chief operating officer for distribution, and Partick Gale as chairman of the distribution board.

• Date published: 11.03.2010

Legal & General pays out £152m in CI claims

Legal & General said it paid out £152m in critical illness claims in 2009, representing 93.6 per cent of claims, as it increased the approval level for the fourth successive year.

• Date published: 10.03.2010

Fortis Insurance UK announces plans to rebrand

Fortis Insurance UK said it is to rebrand as Ageas, after parent company Fortis Holding proposed a new name to highlight its move away from banking.

• Date published: 10.03.2010

Aegon launches protected growth fund for offshore bonds

Aegon Ireland has launched a protected growth fund for offshore bonds which offers investors a defined level of protection set at 80 per cent of the highest ever unit price reached.

• Date published: 10.03.2010

Critical illness sales hold up in recession: Defaqto

A new guide by Defaqto has revealed that sales of critical illness have not suffered a severe decline despite the drop in mortgage sales.

• Date published: 10.03.2010

Lombard launches private placement life insurance product

Lombard International Assurance has launched what it claims as the first private placement life insurance (PPLI) product into the UK wealth management market.

• Date published: 10.03.2010

Standard Life sees profits dip in prelim results

Standard Life reported profits of £919m on European embedded value (EEV) basis during 2009 in its preliminary results, slightly down on the £933m reported during 2008.

• Date published: 10.03.2010

Scot Prov pays out £94m in CI claims over 2009

Scottish Provident paid out nearly £94m to critical illness policy holders during 2009, with 91.3 per cent of all claims that were paid.

• Date published: 10.03.2010

FSCP concerned by delay to PPI reform

The Financial Services Consumer Panel (FSCP) said industry pressure had forced the Financial Services Authority (FSA) to re-publish a consultation on payment protection insurance, delaying fair treatment for consumers.

• Date published: 09.03.2010

FSA publishes feedback on PPI reforms

Financial Services Authority (FSA) has published feedback on payment protection insurance (PPI) reforms and has launched a further six-week consultation on revised measures.

• Date published: 09.03.2010

Axa's Nel Mooy to replace Simon Burgess as MD of British Insurance

Simon Burgess has stepped down from his role as managing director of British Insurance and handed the reigns on to Axa's Nel Mooy.

• Date published: 08.03.2010