View more on these topics

Level-headed WPA

Western Provident Association has des-igned self-pay protect, a healthcare

cash plan that helps with the cost of hospital treatment for short-term

illness or injury.

The plan is concerned only with inpatient or day-case private hospital

treatment and follow-up outpatient treatment for 90 days after the patient

has left hospital. It has three levels of cover and a 90-day deferred


Under level one cover, patients are reimbursed 30 per cent of the cost of

their treatment. With level two, 50 per cent of the cost is reimbursed and

with level three, 75 per cent of the cost is reimbursed. The maximum amount

that each person can claim is £50,000 a year.

Premiums are based on the person&#39s age and the level of cover they

require. For level one cover, premiums start at £30.69 a year for

under-18s, rising to £123 a year for elderly patients. Premiums for

level two range from £69.30 a year to £279.30 a year and from

£99 a year to £399 a year for level three cover.

This plan is unusual in that it does not provide cash benefits for routine

medical treatment such as eye tests and dental examinations or cash

benefits during childbirth.

Other healthcare cash plans such as Norwich Union&#39s cash plan provide

these benefits. However, the NU benefits for a hospital stay are limited

compared with self-pay protect.

Some patients put off by NHS waiting lists may go for private treatment

and self-pay protect could be useful in meeting these costs. But costs are

reimbursed only after the treatment has taken place so patients must still

find the money in the first instance.


Scarborough Building Society- Flexible Lifetime 1.25 Per Cent Discount

Friday, 31 August 2001.Type: Discounted rate flexible mortgage.Discounted term: Term of loan.Discount: 1.25 per cent.Payable rate: 5.49 per cent.Minimum loan: £25,000.Maximum loan: Up to 95 per cent of valuation subject to a maximum £250,000.Income multiples: Three times principal income plus second or 2.5 times joint.Features: Overpayments, underpayments, payment holidays, interest calaculated monthly.Arrangement fee: None.Redpemtion fee: […]

First National breaks the mortgage mold

First National is breaking the barriers of the overseas mortgage market with the three-year British mortgages abroad mortgage.The mortgage is only available for the purchase of properties in Orlando, Florida and not for any other areas. It is aimed at British borrowers who want to purchase a holiday home or a second property in the […]

Alliance trusts quit AITC over fees increase

The Alliance and Second Alliance investment trusts are to quit the AITC ina move which will cost the trade body more than £200,000 in annualmembership fees. The £1.78bn Alliance trust, the UK&#39s third-biggest investment trust,and the £600m Second Alliance trust are withdrawing from the tradebody over the extra 0.5 basis point of assets under management […]

Isis gets dynamic

Isis, the new retail arm of Friends Ivory & Sime, is getting dynamic.Its new UK dynamic fund will aim for long-term growth and is pitched at experienced investors with a high-risk approach to investing.Structured as an open-ended investment company (Oeic), the fund will invest in a portfolio of between 40 and 50 UK stocks drawn […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm