Cirencester Friendly has re-launched the Income Assured Plus product with new features after member and adviser feedback.
Now known as Income Assured Enhanced, it still has features such as Day One Cover and no loadings for occupation, smoking and hazardous pursuits. The income protection contact will be available to new and existing members who will be offered the opportunity to switch onto the new terms. The key enhancements include, Own Occupation definition with Level Benefit throughout the period of claim, guaranteed premium rates, cover to age 70, Guaranteed Insurability options, premium discounts...
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.