Aviva is advancing life cover payments to help families meet funeral costs by increasing the amount it can pay in advance to £11,000.
The advance payment can be used towards the cost of the funeral as well as the probate application fee. This could help to speed up the Grant of Probate application, allowing the full claims amount to be paid quicker. This pledge exceeds the Protection Distributor Group's (PDG) call on insurers to commit to releasing £5,000 in advance of receiving probate to allow for funeral fees to be paid. Aviva joins several other insurers who have already signed up to the call to action. In addition,...
Some 85% of employees are more likely to work for employers offering clearly labelled benefits, research from Canada Life has found.
Wellbeing expert David Price discusses a range of practical ways employers can set about looking after the mental health of their staff during the seasonal period
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.