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IFAs opposed to genetic testing for life insurance

IFAs are firmly opposed to life offices using genetic test results when considering life policy applications.

They have spoken out following the Government&#39s favourable response to the proposals made in the Human Genetics Advisory Commission&#39s report on genetic testing last week.

Medimoneycare consultant Iain Flemming says: &#34Applicants are already subjected to fairly extensive medical examinations which supply us with sufficient evidence on which to base our decisions. I would be concerned about the procedures of genetic testing and who had access to the results.&#34

Pearson Jones director Nick Conyers says: &#34There might be advantages in reducing premiums but life offices are going to leave too many people in our society uninsured and reliant on state benefits which is totally unacceptable.&#34


IFAs get access to leisure and sports fund

Swiss Investment banking house Svecia Group is launching its Global Sports Fund into the IFA market.The fund invests in companies which derive a high proportion of their earnings from sport and leisure activities such as Nike, Adidas and BSKYB.Chief executive Henrik Johnsson says: &#34Unlike other narrowly focused sports investment vehicles launched in the past, this […]

PIA fines 20 more IFAs over pensions review

The PIA has fined 20 small IFAs a total of £76,000 for pension review failures.The firms are being disciplined for failing to take all reasonable steps to meet the December 1997 deadline for completing 90 per cent of their most urgent cases.The regulator which has issued fines totalling over £500,000 in the last five months […]

Pictet unveils pan-European institutional fund

Swiss-owned Pictet Asset Management UK is launching a pan-European institutional fund based in London.The fund&#39s objective is to achieve long-term growth by investing in a diversified portfolio of pan-European equities with a strong emphasis on sector positioning and fundamental, analytically-based stock selection.The fund has already attracted US$40m of investment, including a significant proportion from Scandanavia, […]

BCWA donates £75,000 to meningitus research

Health insurer BCWA Healthcare is donating £75,000 from its charitable trust to a meningitus research programme.The award, covering a three-year period, will continue to help fund research work at Surrey University and leaflets to publicise the disease.BCWA sales and marketing director Philip Fowles says: &#34It is hugely encouraging for BCWA to be able to put […]


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