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Combination cover from PYV

PYV has introduced a combined insurance package for IFAs and bolstered its directors and officers’ liability and employment practice liability policies.

PYV has teamed up with high-net-worth insurer Hiscox to launch a continuous office insurance package, covering damage or loss to premises, theft, automatic cover for employee dishonesty and computer breakdown cover.

The policy provides worldwide cover for portable equipment and D&O and full EPL can be arranged through a range of insurers, including Markel and AIG, based on shorter proposal forms and faster turn-round times, with minimum premiums of 400. Indemnity limits of 250,000, 350,000, and 1,000,000 are available, with higher limits on request.

The D&O policy covers legal costs and damages associated with the defence of a wrongful act committed by directors. It pays investigation costs incurred by directors as part of regulatory investigations and EPL costs and damages of directors and the company .

PYV associate director-special projects Angus Ogg says: “The number and size of EPL claims, such as discrimination and harassment in the workplace, have been increasing for many years due to ever expanding legislation and awareness. The cost of defending claims can prove damaging to companies, directors and officers.”


Cable to probe McCarthy v Blair clash

LibDem Shadow Chancellor Vincent Cable is to table a Parliamentary question asking why the FSA will not publish the full text of the correspondence between FSA chairman Callum McCarthy and Prime Minister Tony Blair. Cable says when Parlia- ment returns in October he will be looking to address this “deeply shocking” issue. Cable says it […]

Make A-Day while the sun shines

Origen technical manager Bob Perkins says: “In common with other providers who are looking to secure business ahead of and after April 6, 2006, Winterthur has updated its s32 offering. As we would expect, it has designed a very flexible product with a wide range of options, including self-investment.” Perkins feels the charging structure is […]

Pension rift between Blair and Standard

Standard Life life and pensions chief executive Trevor Matthews has dismissed Adair Turner’s suggestion of a Swedish pension model, saying the plan would take the UK back 50 years. He says Turner is “mesmerised” by charges when other factors are more important. But Prime Minister Tony Blair made a speech to the Labour conference on […]

Zurich International Life introduces 37 new funds

Zurich International Life has added 37 new funds to its international proposition to be available from October 3, 2005.ZIL will now deliver access to a range of asset classes, industry sectors and currencies.Ten funds have been added to the mirror fund range, accessed through the ZIL vista and magnus products, while 27 funds now complement […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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