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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.”


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84% of IFAs put faith in with-profits bonds

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Gartmore – Stable Growth Fund

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