AIG Life has extended its products and tools aimed at intermediaries with international clients needing protection insurance for UK financial liabilities.
Family Income Benefit (FIB) has now been added to the range of products available to British citizens, alongside Key 3, Life Start and CIC Start. AIG Life has also created an online tool to help intermediaries identify if their non-UK resident clients can buy AIG's protection insurance. In April AIG launched intermediated protection insurance to British expats living almost anywhere in the world and to foreign nationals providing they have a UK financial interest. The insurer launched this...
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.