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CML figures show boost for loan insurance

The Council of Mortgage Lenders claims its campaign to promote mortgage

protection payment insurance is working as the latest figures show

increas-ing take-up.

The CML says the num- ber of borrowers protecting mortgage payments

against accident or unemployment has risen by 9 per cent.

In the last six months of last year, the number of mortgages with payment

insurance increased by 9 per cent to two million.

Chairman of the partnership group formed by the CML, the ABI and the

Government, Mike Ellis, says: “These encouraging figures show that the

drive to make homeownership more sustainable is pay-ing off.

“Customers have res-ponded positively to a better product, better sales

process and better information.”


Stay in good NIC

National Insurance is not, I believe, the number-one planning area formost financial advisers, tied or independent. A little reflection,however, leads one to appreciate how relevant it is in so many areas offinancial planning that are (or should be) areas of core competence foradvisers.In pension planning, the legitimate avoidance of NICs that the payment ofa contribution […]

IFAs grow their critical mass

IFA sales of critical-illness cover leapt by 22 per cent last year.The number of policies sold by IFAs rose from 220,730 in 1998 to 270,440in 1999, according to the HealthWatch 2000 report from Swiss Re Life &Health.This gave IFAs a 34.5 per cent share of the market – up from 31.8 per centin 1998 – […]

Bankhall lights the way for Lincoln staff&#39s IFA

Member services organisation Bankhall is setting up around 60 of Lincoln&#39sdirect-salesforce as a national IFA.The new firm will be known as Lighthouse Independent Financial Advisersand is expected to have full national coverage, including Northern Irelandand Scotland.The Lincoln advisers, who made the approach to Bankhall, will temporarilybecome part of Bankhall&#39s nursery network Investment Strategies where theywill […]

Virgin targets the &#39forgotten&#39 GPP market

IFAs&#39 share of the stakeholder market is being threatened by the entry ofVirgin Direct into the lucrative group personal pension market.Virgin claims employers are the forgotten customers and have beenneglected by intermediaries and pension scheme providers, a claim angrilydenied by IFAs.Virgin&#39s new service will be an internet-based pension operation free toemployers.The company says it is […]


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