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ABI launches new PMI best practice guide

The ABI has published a new statement of best practice for the selling of Private Medical Insurance aimed at providing consumers with clearer information about the product.
Director of life and pensions Chris Kenny says the statement comes after a wide consultation with trade associations, consumer groups and medical charities.
He says further work is also underway reviewing the common definitions within PMI policies, including exploring options for improving clarity and the definitions of ‘acute’ and ‘chronic’ conditions.
Kenny says: “PMI is a valuable product, enabling people to receive high quality medical treatment, quickly. We now want to make it easier to understand. Under the ABI’s new statement, customers will be able to compare how different providers deal with different medical conditions, through explanations based on specific case studies.”


Abbey aims high for annual premiums

Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.

Duffield sets his sights on working until 100

New Star founder John Duffield has answered IFA concerns about what happens to the firm when he retires by saying he intends to work until he is 100. Speaking to Money Marketing about New Star’s fifth anniversary this week, Duffield, who is 66, says: “I was asked once when I planned to retire and I […]

All systems go

Lender profile: Guy Anker looks at how Edeus is aiming to be number one by putting brokers at the heart of its operation, creating a unique technology package and vowing to slash the time it takes from loan application to offer

This week in Investment

Ben Whitmores departure from Schroders appears to be a fairly big loss for the fund house. Whitmore has managed the 281m Schroder recovery fund since August 2001 and has outperformed the market impressively over most of the period.


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