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DWP medic chief opens dialogue

The new Department of Work and Pensions&#39 chief medical adviser says the

DWP is looking forward to co-operating with the insurance industry over the

design of protection products.

Mansel Ayward says the Government wants to have an open dialogue on

protection plan development.

The comments have been welcomed by the industry which accused the DSS of

not listening over initiatives such as stakeholder pensions.

One area that Ayward is concerned with is designing more innovative

products such as mortgage insurance. He says the DWP wants to work with the

industry in creating more flexible private medical insurance and

critical-illness plans which have mortgage protection attached.

He says: “The word is going out this Government wants to work closely with

the insurance industry. This department wants to, I want to.”

Scottish Provident head of product marketing Roger Edwards says: “I get

the impression there is a little bit more of an appetite by the Government

to consult with and listen to the industry. But we will have to wait and

see what the results of that conversation will be.”


BCAM constructs property investment trust

BC Asset Management&#39s property income and growth fund is a split-capitalinvestment trust that invests in commercial property. It consists ofordinary shares, zero-dividend preference shares and bank debt. The aim is to provide ordinary shareholders with a high level of monthlyincome and other shareholders with a predetermined capital return on May31, 2009. The backbone of the […]

84% of IFAs put faith in with-profits bonds

An overwhelming 84 per cent of IFAs believe with-profits bonds haveoutperformed inv-estor expectations over the past 10 years, according toresearch from Prudential. IFAs say with-profits bonds are not outdated and irrelevant, as they areoften portrayed by consumer groups, but are becoming an importantinvestment option in times of stockmarket volatility and falling interestrates. The survey of […]

Chequebooks are out in the dash to gain distribution

Despite the season, IFAs should keep their umbrellas handy in case theyget caught in a hail of chequebooks. The price range is dumbfounding, from around £18,000 per adviseroffered by one insurer to an estimated £357,000 paid per RI at onerecently acquired national. These are rough figures but providers are stumping up the cash. The dashfor […]

Gartmore – Stable Growth Fund

Wednesday, 11 July 2001.Type: Unit trust.Aim: Growth by investing in zero dividend preference shares.Minimum investment: Lump sum £1,000, monthly £50. Isa lump sum £3,000, monthly £50. Pep transfers lump sum £3,000.Investment split: 100 per cent in zero dividend preference shares.Isa link: Yes.Pep transfers: Yes.Charges: Initial 1.5 per cent, annual 1.5 per cent.Commission: Initial 3 per […]


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