MorganAsh cyber attack: L&G to underwrite lifetime annuities directly

Yesterday our sister publication Professional Adviser reported that Legal & General has suspended its relationship with MorganAsh after a cyber incident at the firm risked exposing client's medical data. MorganAsh said that "no customer data was lost as a result of the incident, nor was there a data breach of any customer data", however a precautionary investigation is ongoing. The insurer told COVER that referral to MorganAsh for a medically underwritten lifetime annuity only takes place for a limited number of medical conditions. "We have replaced this with a suitable alternative ap...