Steve Evans discusses the protection insurance needs of young people in the latest instalment of a series of monthly articles from Scottish Widows.
Not a week goes by without a story in the media about the plight of ‘millennials', that cohort of adults (aged between 20 and 37) who receive praise and scorn from commentators in equal measure. These clients are no longer teenagers, but instead now represent a large sector of the protection market. Whilst the first millennials are now in their mid-30's, and are reaching a life stage where responsibility and earning power are making them more financially aware, this is not reflected in life...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.