Virgin Money Life Insurance, Auto Enrolment & Blockchain

blockchain life insurance Autoenrolment

Virgin Money launch new life insurance product ...Building upon the success of Junction, BGL Group’s personal lines affinity insurance business, which is the largest in the UK, the contract with Virgin Money is the first life insurance affinity partnership for BGL Group....
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Exaxe R&D proving investment & hard work is paying Off

robo-advice robo-guidance

Exaxe are getting ready to officially launch their Robo Advice platform for the European market.  Exaxe has invested heavily in R&D to build a solution that provides a new and innovative approach for advisers and L&P organisations to offer their clients sophisticated options with enhanced rebalancing capabilities. Unlike other advice solutions, which only provide a single product view, Exaxe’s sophisticated algorithms provide a full holistic, multi-product view incorporating a gap analysis. Exaxe’s market research, with some of the leading European L&P organisations, has garnered very positive feedback, along with confirmation that there is not another product like Exaxe’s Robo Advice solution. “We are very excited about initial feedback on our Robo Advice solution.  It only goes to prove that we, with the backing of Enterprise Ireland, were right to invest our time and money in Robo” said Tom Murray, Head of Product Strategy. Only recently did Accenture produce a report stating that "Seven out of 10 Consumers Globally Welcome Robo-Advice for Banking, Insurance and Retirement Services".  Of the 33,000 people surveyed if found that 74% are now open to robo-advice to help determine which insurance coverage to purchase and 68% on how to plan for retirement. We are expecting that the digital revolution that has transformed the way consumers buy online, music, hail taxis and communicate with each other is catching up to the life insurance and pension industry. Exaxe are leaders when it comes to working with companies on digitally enabling their staff, improving the interaction with consumers and intermediaries in real-time omnichannel environments and offering remote and robo advice at any hour on any platform.
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Joined-up Thinking

April 25, 2017 Tom Murray

Long Term Care long term care plans auto enrolment

THIS ARTICLE WAS ORIGINALLY COMMISSIONED AND PUBLISHED IN THE  February 2017 EDITION OF THE INVESTMENT LIFE & PENSIONS MONEYFACTS PUBLICATION.   Joined-up thinking   The recent call from Aon for Long Term Care to be handled by the same government department that manages pensions, in order to ensure joined up thinking across both policy areas, is an excellent idea. Given that long term care is overwhelmingly an issue of old age and that pension savings are to provide for one’s needs post-retirement, the effect of initiatives in one area should always be considered by those who are implementing policy within the other.
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Once In a Lifetime

April 20, 2017 Tom Murray

ISAs Lifetime savings product LISA

  Once in a Lifetime This article was originally commissioned and published in the  April 2017 edition of the Investment Life & Pensions Moneyfacts publication. If one listed them, the majority of people need to cover the same major events during their lifetime: college education, house purchase, children’s education, pensions and long-term care. If the government wanted to, they could have a ready-made approach to encourage people to save for all these events. By linking their government support to these events, it would encourage constant saving as well as helping people to realise the trade-off that was happening each time they dipped into their funds.
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LIFE & PENSION NEWS RECAP - Robo Advice, yes or no and having to work for lonGER

March 27, 2017 Sharon Cronin

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This week's up is about Robo advice how one side it can help and one the other end of the debate is there a better choice? Also, are you going to need to keep working?
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LIFE & PENSION NEWS RECAP - RBS going Robo, tech is key of Auto-Enrolment & Pension Dashboard

March 22, 2017 Sharon Cronin

robo-advice robo-guidance Life & Pensions

RBS is on the road to Robo Advice
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Blockchain: what is it, what is it not and what will come first

March 01, 2017 Sharon Cronin

blockchain robo-advice

In Tom's latest piece for the Actuarial Post, he talks about blockchain and if it will, in fact, have any impact on the Life Insurance & Pension industry.
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Life & Pension News Recap -  Is LV winning with Robo, pensions and your divorce, UK Budget & pension dashboard, will it be safe?

February 27, 2017 Sharon Cronin
Your Pension Is Fair Game
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Love, Chocolate, Social and Robots which one is L&G going to focus on, ahead of you?

February 20, 2017 Sharon Cronin

life insurance robo-advice robo-guidance

Love Insurance Would you buy guaranteed love for £35, as a Chinese’s underwrite has launched “love insurance.” ...Chinese life insurer, China Life, has launched ‘love insurance’ for young romantics – meaning love can be a bed of roses this Valentine’s Day.... ...China Life’s love insurance is reportedly designed ‘to guide the younger generation to develop a positive attitude towards love and relationships.... Read more: China Life launches ‘love insurance’
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Tax-free pension advice allowance hits the spot.

February 16, 2017 Tom Murray

pension robo-advice robo-guidance

The announcement that the government is to tackle the advice gap by helping people to pay for advice from their pension savings is good news.   According to the Treasury’s research, only 14% of the population would feel confident making financial decisions about their pension without expert advice.  And there are two primary barriers to this – the affordability and the availability of advice.
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