The Department of Work and Pensions (DWP) has scrapped housing benefit for young adults aged 18-21 in proposals put forward in parliament on Friday 3rd March.
The cut introduced as part of Universal Credit reforms was first discussed by the former Chancellor George Obsorne in the 2015 Budget. The Department for Work and Pensions estimates that the change, which will now be debated by MPs, will affect about 11,000 young people and cut £105m from the benefits bill by 2020. In recent years, some protection providers have extended the eligibility age of dependents on critical illness policies to 22, as more young adults are dependent on parental support. ...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.