MetLife UK is closing its wealth management arm to new business, saying the challenge of long-term interest rates has made it difficult to deliver value.
MetLife said it will be refocusing its strategy to drive the growth of its employee benefits and individual protection businesses. Illustrations for new wealth management business ceased at 5pm on Friday 7 July, with existing applications accepted until 5pm on Friday 28 July. Managing director Dominic Grinstead said despite the business' growth to £5bn of assets under management since its launch in 2007, the ongoing challenge of long-term low interest rates had made it difficult to deliver...
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.