Cover Magazine UK

1 week ago | covermagazine.co.uk | Jenna Brown

Paid out just shy of £1m every day Legal and General (L&G) paid out £347 million in group protection claims last year, according to the provider’s latest claims data. It said the total reflected that the business paid out almost £1m every day in 2024.

1 week ago | covermagazine.co.uk | Isabel Baxter

The firm's research amongst 1,500 people aged between 20-50 earning from under £15,000 to nearly £100,000 in different occupations and regions across the UK found that 53% would be interested in a digital alternative, with 64% believing personalised digital financial advice would eventually become the norm. Meanwhile, the Financial Conduct Authority recently found that just under one in 10 people pay for advice in the UK.

2 weeks ago | covermagazine.co.uk | Cameron Roberts

Provider, Spectrum.Life, has partnered with the London School of Economics and Political Science (LSE) to provide mental health and wellbeing services to students. The partnership sees Spectrum.Life support over 1,200 students and address the growing challenges of anxiety, stress and burnout, according to the provider.

2 weeks ago | covermagazine.co.uk | Cameron Roberts

Strengthens life insurance capabilities Financial services consultancy, Broadstone, has acquired actuarial valuation firm, ExactVAL. The acquisition will see ExactVAL join Broadstone's insurance, regulatory and risk advisory division.

2 weeks ago | covermagazine.co.uk | Cameron Roberts

The figure brings Perci Health's total amount raised to £7.7m and includes support from Macmillan Cancer Support, Guinness Ventures, Conduit Fund, Octopus Ventures and 35 UK oncologists and cancer surgeons. According to the provider, the funds will be allocated to expanding its AI-powered virtual cancer clinic, with the goal of covering more individuals and partnering with more providers.