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Bupa pulls out of immediate needs long term care

Bupa has announced it is withdrawing from the immediate needs long term care market, but is to continue offering pre-funded plans. The decision, effective as of December 1, follows a strategic review of Bupa Health Assurance, the group&#39s long term care insurance business. It plans to “strengthen its focus” on the group risk and individual financial protection markets in the areas it already has a strong presence.

Bupa&#39s UK managing director of sales and distribution Steve Flanagan says its decision reflects the capital intensive and price sensitive nature of immediate needs and the effect of upcoming regulations later this year, which he says will affect its coststructure.

He believes there is a strong market for pre-funded plans.


Inter-Alliance reprices share option schemes

Following England&#39s nerve-shattering win over Australia in the Rugby World Cup Final last Saturday, Aegon UK and Money Marketing have joined together to offer IFAs the chance to see the city where it all happened. Two return flights to Sydney are up for grabs, so the lucky recipient can experience the joy of being an […]

Out of context

•”I know what you are thinking. What does an Essex man with a Massachusetts accent know about our industry?” – International Financial Data Services chief executive Charles Eppinger speaking to a conference audience. •”We are going to send out 1.7 million pieces of paper with cherubs on, plus only another 700,000 each year, probably on […]

The green house effect

The Ethical Investment Association is holding a seminar with the theme of Property and Land, the Ethical Way. Being held in Birmingham on December 1, the seminar will look at alternatives to equities and sociallyand environmentally-responsible ways of borrowing to finance house purchases. Speakers will include John Fleetwood of Philips Securities, discussing a new discretionary […]

State pension guide from Friends

Friends Provident is publishing a pensions guide to the UK pension system and contracting out. The guide aims to give financial advisers, trustees and employers information on basic state pension including: eligibility, categories of pension, death benefits, state pension forecast, deferring state pensions, retiring abroad and equalising state pensions. It also looks at graduated retirement […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


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