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Providers review rates on term assurance
Term assurance providers are launching products offering more premium flexibility and added protection against “interest rate shock” in an effort to lure business back to the market.
Redundancy insurance terms ‘unfair’
Loan insurance providers have come under fire for using vague clauses to deny pay outs to borrowers forced out of their jobs in the recession.
Swinton fined for sales rule breaches
UK’s largest high street insurance broker is ordered to repay millions of pounds to hundreds of thousands of customers who were mis-sold payment protection insurance
Friends Provident takeover deadline
Friends Provident investors who want to take shares rather than cash in Resolution’s £1.86bn takeover of the life insurer have just days to confirm their choice
Deal of the Week Will Aid
Have a will drawn up or updated for free by a choice of solicitors in return for a donation to charity
Mutuals can use with profits funds for capital
The Financial Services Authority (FSA) has given the green light to mutual insurers to formally split their with-profits funds so cash can be used for working capital.
Aviva cuts with profits exit penalties
Aviva, the country’s largest insurer, has eased exit penalties on its with-profits policies for the third time this year, but says it still too soon to remove the charges entirely.
Motor insurance premiums rise at record rate
Motorist are facing the sharpest rises in their insurance premiums for 15 years with young drivers taking the brunt of the increases, according to new research.
FSA apologises for wrong MPPI advice
The Financial Services Authority has apologised for giving advice that could have seen mortgage loan insurance customers wrongly denied redress for unfair changes to their policies.
Aviva improves its critical illness terms
The country’s largest insurer has improved its critical illness cover (CIC) but is yet to offer premium reductions for customers if an exclusion is placed on their policy.
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