View more on these topics

Attention to detail?

A leading national daily, which has received numerous awards for financial journalism, recently printed an article about long-term care, from which the following is an extract.

“For example, a man aged 60 can expect to pay £109 a month with PPP Lifetime Care for long-term care benefits of £15,000 each year, which will increase in line with inflation. Benefits are paid after just 13 weeks. Norwich Union, however, would charge £95 a month for the same level of benefits but the policyholder would have to wait three months before receiving any payout.”

It takes a keen eye and incisive journalistic mind to make such a fine distinction, which is clearly beyond the intellect of we mere mortals who have subjected ourselves to years of study, examination and regulation.

I defer to my superiors, who are doing so much to promote clarity of thought and to improve standards in our industry.

BAI Fraser

Chipping Sodbury

Recommended

Pru plan aims to draw investors back into WP

The Prudential is preparing to launch a combination investment product aimed at attracting investors back to the ailing with-profits market.The product, consisting of a deposit account with an enhanced interest rate for one year and its Prudence with-profits bond, will be aimed at “giving advisers the opportunity to unlock and regain management of clients&#39 funds […]

AMP to offload NPI and Ample

AMP is putting NPI and Ample up for sale and looking at floating the rest of its UK business on the London Stock Exchange under the Henderson brand. The move will effectively see AMP disengaging from the UK market.Hargreaves Lansdown pensions research manager Ton McPhail says: “AMP says it will be de-risking its with-profits fund. […]

Life office free asset ratios fall but sector secure says report

Life office free asset ratios fell 2 per cent to 5 per cent from 7 per cent in 2002 leaving two to three companies feeling significant pressure on their margins according to research from consultancy Mercer Oliver Wyman.It says despite the fall from 2001, many of the recent concerns over the sector&#39s solvency have been […]

The children&#39s Mutual – The Children&#39s Portfolio

Wednesday, 1 May 2003 Type: Oeic Isa or endowment OEIC ISA Aim: Growth by investing in choice of three Oeics Minimum investment: Lump sum £1,000, monthly £50 Maximum investment: £7,000 Catmarked: No Investment choice: UBS global asset management select, UBS global asset management managed, UBS global asset management medium term fixed interest Charges: Initial 4%, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment