LV = has responded enthusiastically to an industry wide initiative to payment protection insurance. The friendly society has signed a new code of conduct, under which the insurer to pay valid claims, except in cases of fraud or negligence by promises. LV = has worked with the Association of British Insurers in the wording of [...]
Archive for February, 2010
HFC Bank fined £1.085 million for PPI breach
The financial Services Authority (FSA) has 1.085 billion HFC Bank’s report of 160,000 customers, a fine for mis-selling of outstanding balance insurance (PPI). The fine is the largest ever by the regulator on the PPI. HFC is part of HSBC Group and the Bank operates in household insect marks and financial markets through the 136th [...]
FSA continues PPI campaign
The financial Services Authority (FSA) has again expressed concern about the sale of payment protection insurance (PPI). The Authority believes that many companies have this type of insurance is not for sale, clear information about the cost of PPI policy, or what is referred to. Following recent research, the data of 11 companies from the [...]
ABI revises PMI guidelines
The Association of British Insurers (ABI) issued new guidelines for health insurance to provide consumers with a better understanding of the products. These changes should ensure that customers understand what PMI can make policy and does not cover. They can also help consumers to compare products from different companies offer. The definitions of medical terms [...]
Celtic chooses BHSF
Another big name in football has been added to the health insurer BHSF’s portfolio. Celtic FC has become the latest team to choose BHSF as their provider for voluntary healthcare and insurance products for their staff. BHSF now has such high profile teams as Chelsea, Manchester City and Reading as clients, in addition to Celtic’s [...]
LV overhauls Income Protection range
Liverpool Victoria (LV), the UK’s largest friendly society, has overhauled its award winning income protection product range. The improvements are aimed at simplifying products and making them more attractive to both financial advisers and their clients. The main enhancements to cover are as follows: a simplified approach to business mileage; enhanced rates for teachers and [...]
eBay teams up with Prudential to promote healthy living
Private health insurance could be just the fresh market or the supermarket cart on eBay appeared reduced because the current range of products PHI recently. Private health insurance was the best way for a healthy lifestyle among members to promote a decision to discount the gym to give information on the purchase of fruits and [...]
Axa pilot project aims to close protection gap
AXA has begun selling a new training program to help independent financial advisers (IFAs) for life. The insurer has worked with the company Chisenhale sales consulting and training, a pilot program that has a series of modules that emphasize the importance of discussions customers the shield is to run. IFA participants choose knowledge about pesticides [...]
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