AIG Life has launched an Over Fifties Life Plan with a range of benefits in a bid to aim the traditional direct to consumer offer into a mainstream adviser product, COVER can exclusively reveal.
AIG Life said it is the first provider to offer an Over Fifties Life Plan to all advisers and as such is looking to open a new market opportunity for advisers and make protection easier to buy for their customers. Over Fifties Life Plans have typically been sold direct online, through magazine inserts and day time TV marketing campaigns. It offers a protected benefit - payments cease at age 90 regardless, but if premiums have exceeded over half of the specified term then a pro-rata amount of...
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.