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Consumers give their health cover a workout

Gym memberships increase in the new year as more people resolve to get fit and sales of health insurance policies also rise, according to IFA Hacker Young.

The firm says it has seen a surge in interest in protection products as people consider their financial health as well as their physical well-being.

It points out that the younger and fitter an applicant is, the cheaper a product such as critical-illness cover will be.

Partner Harvey Rosenfield says: “There is certainly more interest in health insurance and life insurance at this time of year as more people check their financial health as well as their physical health.

“When choosing a scheme, it is vital that you pick the best one suited to your needs. Different people require different levels of services and benefits from their monthly outlays. Getting lumped with the wrong cover could be disastrous.”

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No compensation for drawdown, says Equitable

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Regulator to lower limit for waiver and offer offset

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Simple saving

The Pensions Green Paper might have been disappointing but the same cannot be said of the proposals for tax simplification, launched in a simultaneous consultation paper. Consider the joint objectives: •Providing choice for everyone by simplifying the structure and removing the mystique born of years of legislative “tinkering”. •Increase protection for members of occupational schemes, […]

Don&#39t cash in pension too early, warns FSA

The FSA is warning consumers of the pitfalls of accessing their pension pot before they retire. It says people should consider cashing in other investments before accessing the tax-free cash in their pension. The regulator says its initiative is aiming to counter recent TV, press and mail campaigns that have targeted over-50s who have occupational […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.

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