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FirstAssist sets out new range

New healthcare and assistance business FirstAssist is to launch its own critical-illness, income-protection and long-term disability products next year.

FirstAssist offers an employee absence management service that includes functions such as medically qualified staff taking calls from ill employees and rehabilitation services. The business was formed after a management buyout from Royal & Sun Alliance in April.

Chief executive Tim Ablett says the firm is working with Munich Re on the new product lines, which it is developing to complement its claims&#39 handling and medical assistance services rather than to compete with other providers.

He says IFAs are a key part of its business and it will white-label products. He wants IFAs to act as an introducer on a fee basis and also earn commission by selling its products.


New version of L&G&#39s distribution fund

Legal & General is launching a unit trust version of its £1bn distribution life fund this week, offering 5 per cent initial commission but no trail. The fund, to be managed by David North, will be invested at least 60 per cent in bonds, enabling it to retain the tax credit within an Isa. The […]

The green house effect

The Ethical Investment Association is holding a seminar with the theme of Property and Land, the Ethical Way. Being held in Birmingham on December 1, the seminar will look at alternatives to equities and sociallyand environmentally-responsible ways of borrowing to finance house purchases. Speakers will include John Fleetwood of Philips Securities, discussing a new discretionary […]

Solus streamlines its fund offering

Brown Shipley&#39s fund management arm Solus has seen a reshuffle of funds and management team. The shake-up has been led by new managing director Tony Hurley and chairman David Rough. Hurley, who is also Brown Shipley&#39s head of private banking, has taken over from Graeme Sinclair, who is leaving the company. Brown Shipley&#39s investment policy […]

Corporate focus for cash bond

Prudential International Assurance is offering an offshore cash portfolio bond. The Prudence portfolio bond capital-redemption option, which has no entry or exit fees, is a single-premium unit-linked contract with no life assured and a fixed term of 99 years. Investment relationship manager Richard Leeson says it is aimed at low-risk high-net-worth clients aged 50-plus, trustees […]

Developing your personal relationships – Webex

Read more 9amFinancial advisers and solicitors working together Presented by Ian Muirhead, director & chairman at Solicitors for Impartial Advice (SIFA) Listen to Ian’s expert insight and experiences of how financial advisers and solicitors can work together to deliver mutual benefit and enhanced client outcomes. Register here 10am Financial advisers and accountants working together Presented […]


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