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1 week ago | 
moneymarketing.co.uk | Momodou Musa Touray |Nita Patel
Shepherds Friendly paid out 96% of all income protection claims last year, a slight increase on its five-year average of 95%. Musculoskeletal conditions represented more than half of new claims received during the year, accounting for 55.8% of new claims decided during the year. The next most common causes for new claims were chest/lung/nose/throat conditions at 6.9%, with heart conditions responsible for the same percentage of claims.
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2 weeks ago | 
moneymarketing.co.uk | Ian McKenna |ian mckenna |Momodou Musa Touray |Kimberley Dondo |Nita Patel
Legal & General recently issued a series of announcements about their critical illness and income protection contracts. Yet the most significant benefits update for advisers was missing from the press release: the withdrawal of fracture cover — not only for new policies but also for existing ones. This follows their quiet removal of the private diagnosis option last autumn, marking the second such change in six months.
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3 weeks ago | 
moneymarketing.co.uk | Momodou Musa Touray |Kimberley Dondo |Darius McQuaid |Nita Patel
The UK platform market recorded its strongest net sales in three years in Q1 2025, shrugging off stock market turbulence and geopolitical uncertainty. According to the latest figures from consultancy Fundscape, total platform assets held steady at £1.1 trillion, with £687bn on adviser platforms. This stability came despite volatile market conditions and would have registered a decline were it not for Nucleus’s acquisition of around £7bn in assets from Third Financial.
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3 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Nita Patel
Just under half (48%) of mid-retirees aged 65-75 who do not pay for financial advice are confident they are on track to make their private pension savings last for life. This is according to the report Retirement Reality: Managing money in mid-retirement from Aviva and Age UK. Over a quarter (26%) reported feeling financially secure, with women (19%) feeling less financially secure than men (32%).
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1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Nita Patel
Good morning and welcome to your Morning Briefing for Friday 2 May 2025. To get this in your inbox every morning click here. Wellesley & Co enters administrationWellesley & Co Limited (WCL), the only Financial Conduct Authority-regulated entity within the Wellesley Group, has entered administration. Damian Webb, Stephanie Sutton, and Jack Plunkett of RSM UK Restructuring Advisory LLP were appointed as joint administrators on 30 April.
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1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |David Boyhan |Nita Patel
Canaccord Genuity Wealth Management has rebranded as Canaccord Wealth as part of a strategic move to bolster its wealth management offering in the UK. The rebrand includes a refreshed logo, a new colour palette and a proprietary modern typeface — all designed to reflect the firm’s evolving identity. A newly launched website also features enhanced functionality, aiming to make it easier for clients to access services and information.
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1 month ago | 
moneymarketing.co.uk | Tom Browne |Nita Patel
There are an indigenous people in the Brazilian Amazon called Sateré-Mawé who use bullet ants to help determine whether young men may be permitted to become warriors. It is known as the ‘Waumat’ ritual, and it involves weaving these ants – so-named because their bite is so intense that it is often compared with a bullet wound – into a glove and making boys in their communities, when they come of age, wear it for 10 minutes without making a sound. Why do the Mawé do this?
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1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Nita Patel
Life insurance broker Reassured has partnered with the behavioural science consultancy Unconventional Wisdom to improve customer experience. The partnership is focused on providing Reassured customers with a better experience after a life insurance policy has been purchased. The 10-week project started with a customer research exercise to understand any areas where Reassured could enhance the experience it delivers to its customers.
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2 months ago | 
moneymarketing.co.uk | Darius McQuaid |Nita Patel
Scottish Widows Pension Investment Approaches (PIA) is “evolving” with the launch of Scottish Widows Lifetime Investment. Lifetime Investment, the new pension default, will be available immediately for new employers and for all customers on a self-select basis. Existing customers, who are invested in the current £60bn+ PIA default offering, will also transition to the new default.
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2 months ago | 
moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Darius McQuaid |Nita Patel
A coalition of consumer groups has urged the Financial Conduct Authority (FCA) to drop its controversial email deletion policy. In an open letter to the Treasury, parliamentarians and other key individuals, the coalition argues that the policy, which is due to come into effect from 1 April, would undermine attempts to hold the FCA to account.
