View more on these topics

Fall in PMI plans but revenue increases

The number of people with private medical insurance dropped last year,

according to Laing & Buisson, but the health insurance industry remains


In its annual survey on the sector, L&B says the number of people covered

by PMI fell by 4.5 per cent to around 6.4 million by the end of 1999. But

despite the fall in the number of policies, the revenue income generated by

PMI increased by 6.4 per cent to £2.173bn across the industry.

The report&#39s author, economist Philip Blackburn, says demand for PMI is

being dampened by the lack of tax relief and premium increases.

But health insurers and intermediaries are still largely optimistic about

the future of the PMI market.

Standard Life Healthcare sales director Philip Wright says: “The initial fallout from the ending of tax relief was less than expected.

“There is always some shifting across from individual to corporate cover.

On balance, we would be more positive than negative.”


Portillo keeps his cards close

The annual general meeting of the Centre for Policy Studies is a grandaffair. The great and the good turn up to salute a thinktank that has beenat the heart of Conservative thinking for 25 years. The guest speaker has agilt-edged opportunity to lay out fresh Tory thinking and to be guaranteedextensive media coverage.So why did […]

Personal finance is…

Personal finance is to be taught in the classroom for the first time, withsome schools introducing into it into the curriculum from September. Themove is being backed by the Government, the FSA, top financial companiesand groups such as the Consumers&#39 Association. It is thought likely thatyounger children will learn about supply and demand while older […]

The Bellwether for mutuality?

Despite Standard Life members rejecting the advances of carpetbagger FredWoollard last week, group manag-ing director Scott Bell dec- lared therewould be no Champagne after the victory.The muted celebrations followed criticism that the life office had notfully explained to members the pros and cons of mutuality and plc statusdespite spending more than £10m on the campaign […]

Egg takes first placein online brand poll

Prudential&#39s bank service Egg is the most visible online financialservices brand, according to a survey by marketing researcher BMRBInternational.However, despite being the highest-profile brand, the report found thatonly 9 per cent of adults or 18 per centof internet users could rem-emberrecent advertising by the bank.In second place is First, the online arm of First […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment