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Cancer makes up most CI claims says Scot Prov

Almost half of male critical illness claims and the vast majority of female claims are cancer related according to new figures from Scottish Provident.

Cancer is the cause of forty-seven per cent of males claims through the provider and 79 per cent of womens&#39 are Scot Prov says.

Nearly half of the female claims are due to breast cancer.

Second for men is heart attacks at 25 per cent, heart surgery at 7 per cent and stroke also at 7 per cent while for women multiple sclerosis comes second at 7 per cent, stroke at 2 per cent and heart attack at 2 per cent.

Scottish Provident head of marketing and product development Nick Kirwan says: “Sharing our claim history is a very useful tool to financial advisers. It reassures the consumer that companies pay out on claims, and do not hide behind small print, while reinforcing the adviser&#39s message on the need for insurance.”


Platinum&#39s bond bombshell

Platinum Capital Management has established a single premium offshore bond that features a capital guarantee of 110 per cent.The Platinum protected plus fund has a five-year term and is registered in the Cayman Islands. It invests mainly in zero-coupon US Treasury bonds, with around 15 per cent going into a portfolio of 12 hedge funds.The […]

Industry waits for picture to clear

There remains a great deal of confusion and disagreement over Ron Sandler&#39s proposals for how IFAs are paid.Sandler believes the plans represent a liberalisation, as does Aifa. The LIA does not while Sofa is welcoming the payment proposals subject to VAT being sorted out.Sandler suggests that payment can go to the IFA from the provider […]

AMP Pearl and London Life close to new with-profits business

AMP Pearl and AMP London Life are closing their doors to new with-profits bond and annuity business. The product range will be plugged with new products from AMP NPI.AMP says that the Pearl fund has been selling equities since the beginning of the year and currently has an equity exposure of 35 per cent. It […]

Wentworth Rose tells clients to cash in bonuses

IFA Wentworth Rose is reviewing all its clients&#39 with-profits bonds and advising some to realise their investments in order to crystallise bonuses where life offices are not applying market value reductions and surrender penalties.IFAs across the board are reviewing their stance on with-profits as concerns over the financial strength of life offices mount. Inter-Alliance this […]


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