AIG Life is adopting IRESS' enhanced quote service which allows partial underwriting by asking optional questions on height, weight and waist size as part of the quotes service.
By using the extra information at quote stage, AIG Life will be able to give advisers and their customers a more accurate price up front. Advisers can answer the extra questions for the first or second lives, neither or both. If they do opt to enter the extra information then they'll also have to give their occupation details. Andrew Simon, executive general manager, product, IRESS, said "Through IRESS solutions, intermediaries can now process protection products for clients with a high...
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.