Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
FaceQuote guestimates a user's age before calculating how much life cover would cost per month based on the age suggested. Zurich said that the app has been launched to encourage people to engage with life insurance and show how affordable life cover can be. Chris Atkinson, head of consumer distribution at Zurich said: "Technology has a huge role to play in allowing us to connect with a wider audience and give more people confidence in making financial decisions but also inspiring and...
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.