News

Following adviser feedback, Ellipse has revised its approach on absentee disclosure in group life, introduced in November last year.

Aegon UK has revealed it paid just over 93% of income protection claims received, an increase of 10% on the previous year (83%).

Following findings that only 2.7% of new mortgage borrowers buy unemployment, has been revealed nearly half of mortgage lenders are failing to offer it as an option.

Cirencester Friendly has revealed it paid out 94% of claims in 2013 maintaining the same pay out rate as 2012.

Private medical insurance (PMI) adviser-consolidator Chase Templeton has completed the first in a new series of acquisitions with the purchase of Health Assist Ltd.

Automatically excluding female employees on maternity leave from training programmes is discriminatory, the European Court of Justice has ruled.

Exeter Family Friendly has announced the continuation of its programme of adviser seminars as UK protection sales remain "frighteningly low."

British health and care provision must change to take account of a rapidly ageing population The King's Fund has cautioned.

The outlook for the financial services sector is seen to be improving as a consequence of the Retail Distribution Review (RDR), but most advisers report protection sales continue to lag following its introduction.

Skandia, which re-entered the advised protection market last year, paid out on 96% of critical illness insurance (CII) claims in 2013.