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Corporate PMI sales up says ABI

Private medical insurance is proving increasingly popular despite the record sums poured into the NHS by the Government as UK businesses continue to provide corporate private medical insurance for their staff.

At the end of 2002 over 6.7 million people, 11.4 per cent of the UK population, had private medical insurance either through their employer or an individual policy.

And the ABI has recorded a 27 per cent increase to £2.6m from £1.9m in the corporate sector over the five years to 2002.

The ABI points out that the rise in corporate schemes has undoubtedly reduced the demand for individual policies, but says that even in this area the trend is for stability in the number of policies rather than decline.


Smaller company fund sectors to be tightened up

Changes in the definitions of smaller company sectors are being proposed by the Investment Management Association after discovering that many funds are not operating within the set parameters.Sector monitoring by the IMA has found that many fund managers are breaching definitions which restrict funds to invest in companies falling under certain market capitalisation percentages. The […]

L&H answers budget with launch of 25-year loan

Leeds & Holbeck Building Society is launching a 25 year fixed rate mortgage at 5.39 per cent in response to the budget, which called for the development of a long term mortgage market.. The new loan allows 5 per cent capital repayments each year without penalty, with three month windows to redeem or transfer the […]

Paragon moves into commercial loans

Paragon Mortgages is extending its product range to include commercial loans and is launching a new commercial buy to let product. The loans will be available for most types of non-specialist properties, including shops, offices, warehouses, light industrial buildings and mixed residential commercial buildings. Pricing will be LIBOR linked. The mortgages will be launched through […]

AMP says bidding has started

Embattled financial services giant AMP says it is already getting enquiries for some of its lacklustre UK businesses.Just weeks after announcing plans to demerge its Australasian and UK arms and confirming that it would test the market for its NPI and Ample brands, it revealed last week at its annual meeting in Australia that potential […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


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