At last, sanity. This nonsense has gone on for too long. Sadly, the profits generated from life business submitted by IFAs has been subsidizing the losses incurred when insuring the great un-washed. in the ISA funds offering default cover.

This form of insurance WAS NEVER costed accurately. What were the actuaries doing !!

Once members of these funds are forced to pay the real cost of death & TPD, the great advantage promoted by the ISA funds goes up in a very large cloud of smelly dark smoke.

Stand by for some very nasty exclusions and dodgy wordings, a la ""direct "" no-advice policies

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