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Moratorium underwriting needs clarity

Bupa commercial manager Steve Flanagan’s comments regarding moratorium underwriting of healthcare cover (Money Marketing, January 18) is curious, considering Bupa sells similar products – Bupa localcare direct (which is sold, as the name says, direct to consumers on a non-advised basis, with moratorium underwriting) and the recently discontinued Bupa clientchoice range (a moratorium product with a no-claims discount).

Clarity is important when selling any protection product and we are confident that the sales and promotional material that our provider, Axa PPP healthcare, gives to customers makes clear how moratorium underwriting works in keeping with the ABI’s statement of best practice for the selling of private medical insurance.

We are confident that, by providing consumers with clarity, value and choice, we can help to grow and develop the UK health insurance market.

Matthew Dransfield,
Head of PR & communications,
Tesco Personal Finance,


‘Prototype wraps must prove value to win over IFAs’

Skandia, Cofunds and FundsNetwork drove the bulk of asset growth on platforms last year.Assets under advice on all UK platforms grew from £25bn in 2005 to £40bn in 2006, according to a report by Defaqto.The research firm estimates there is a potential £1.42trn of investable wealth that could be moved on to platforms, meaning there […]

100M in lending for Shariah firm

Shariah-compliant financial services specialist Alburaq has approved over 100m-worth of mortgage business and expects the Islamic mortgage market to grow to over 1bn by 2009.

Pink has aspirations as number one network

Pink Home Loans says it aims to be the biggest pure mortgage network in the UK after almost doubling completions last year.The network saw gross lending soar from 3bn in 2005 to 5.7bn last year. It made a 1.3m profit compared with a 1.06m loss in 2005, which was put down to the costs of […]


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