The Unisure Group As a reminder, we launched with the Unisure Group on our group risk panel last year, and they are now our dedicated provider, delivering strong service levels together with a range of enhancements. • Highly competitive pricing • Administration and renewal documentation issued on time • Quote turnaround of up to 48 hours, with direct underwriter access • Free Cover Levels available (details provided on request) • Employee Assistance Programme delivered via Square Health’s Help@Hand In association with Scottish Friendly, the product is 100% reassured by Allianz. The proposition is currently available for group life, and group income protection will follow later this year. Mandatory Advice for FTB’s Campaign You may have seen in the financial press recently that we have launched a campaign highlighting the need for mortgage advice to be given to first-time buyers. The FCA’s vulnerability guidance (FG21/1) defines vulnerability as circumstances that make consumers especially susceptible to harm, and we believe this is a strong rationale to support advice being mandatory for those in this situation. We have been considering this campaign for some time. Following the Mortgage Rule Review in July last year and the findings of the Pure Protection Market Study, we believe this is a good time to highlight the need for it, both from a mortgage and a protection perspective. I would ask that you spend a few minutes reviewing the document and lend it your support, both individually and as an organisation if possible. It already has the full support of AMI as well as several prominent lenders. If we can get the protection community behind it as well, it will help drive better outcomes for clients. GI Enhancements to add commercial value to firms Now that the Renters' Rights Act is upon us, I want to highlight some of the provider products that have adapted to open up opportunities for you. With the removal of Section 21 "no-fault" evictions, regaining possession may take longer, increasing the risk of lost rental income if a tenant stops paying rent Landlords may also need to rely more heavily on formal possession proceedings and dispute resolution, which makes legal expenses cover more valuable. Legal expenses cover is a common feature, or optional add-on, on landlord insurance policies. It helps protect against the costs of possession proceedings and tenancy disputes, giving access to legal support when it is needed most. Paymentshield are close to launching a standalone rent guarantee policy with some distinctive features, so please look out for it. Events I would also like to draw your attention to our upcoming events this year, which your feedback tells us are a valuable source of information. Have a look at the schedule 7 PARADIGM COMMENT As always, thank you for your support of Paradigm Protect. Your continued use of our whole-of-market proposition, with no loaded premiums, not only aligns with the FCA's view but also gives your clients the best possible choice of providers at the best possible premiums. We will continue to broaden the products and services we offer and to keep what we do market-leading.
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