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Majority believe PMI will be necessary by 2010

The majority of people believe they will ultimately be forced to pay for medical care, according to research by specialist provider Saga.

Nearly three quarters, or 74 per cent, of its 1011 representative respondents believe private medical insurance will be a necessity within the next decade.

The provider is using the figures to argue against the withdrawal of tax relief on PMI for the over 60s, announced in New Labour&#39s first budget in July 1997, particularly as 64 per cent of those surveyed believe the NHS discriminates against people over 60.

Saga Services managing director Andrew Goodsell says: “We believe the Government should reconsider their withdrawal of tax relief on PMI premiums for older people.”


IFAs use past performance despite warnings

The vast majority of IFAs turn to past performance to help them sell products despite the FSA proposal to omit it form its comparative league tables.Research by Newton Fund Managers reveals 80 per cent of IFAs rely on past performance from product providers to help them sell products to clients. The research also shows that […]

IFA is “Sales Professional of the Year”

An IFA has been named Sales Professional of the Year at the National Sales Awards 2000.Mark Bingham received the award at London&#39s Hilton Hotel Park Lane, beating some 2,000 sales professionals from a range of sectors. He wins 6,000 air miles.The 35 year old works for Slough-based IFA Millfield Partnership and attributes his success to […]

Fund managers shun capped FTSEs

Fund managers are set to shun FTSE International&#39s proposed capped indices due to introduced because of the Vodafone/Mannesmann market-cap busting deal.European laws prevent investment funds from holding more than 10 per cent of any stock, but the merged company will make up around 14 per cent of the FTSE 100 index.Virgin says the capped concept, […]

Government attacked by pension funds leaders

Pension fund chiefs have attacked the Government over its ethical investment policy, claiming its may encourage animal rights extremists to attack pension fund managers.The National Association of Pension Funds sparked the row by claiming the Government was creating a climate for potential extremism by forcing pension funds to reveal the extent to which social, environmental […]


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