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More take PMI cover

The amount of people with PMI is up 5.5 per cent on last year, according to a survey carried out by Laing & Buisson.

The figures show that individual subscriptions decreased by 3.2 per cent, but this was compensated by a increase of 7.4 per cent from the corporate sector.

Meanwhile a research by the Consumer’s Association shows that 40 per cent of people would consider going private, despite only 84 per cent of these already having PMI.

Laing & Buisson economist Philip Blackburn says: "Very large price increases for individuals in 1999 and 2000, and the absence of tax concessions, continue to dampen individual demand for PMI."


Marsden goes for the decade approach

Marsden Building Society is looking to the long term with the introduction of the 10-year fixed rate mortgage.The mortgage has a fixed rate of 5.69 per cent until June 30, 2011 for loans of up to 80 per cent of valuation, and is open to all borrowers. It joins a very small market, as only […]

Goalposts moved as duplicate Isas get hit by big penalties

The Inland Revenue has finally made a decision on how it will deal withduplicate Isas after months of deliberation. The problem became apparent shortly after Isas were introduced in April1999, when the Revenue realised that thousands of investors weremisunderstanding the rules and taking out both mini and maxi Isas withinthe same tax year. Many of […]

More concerns on with-profits

Having read numerous articles about the pros and cons of traditionalwith-profits funds with their attaching guarantees, we have come across twocases where the attaching guarantees and the very nature of the contractshave put our clients at a potential and significant material disadvantage. In both cases, each client was a member of an executive pension plan. […]

IFAs stick by Tories

IFAs are bucking national trends by backing the Conservatives, according to an exclusive poll conducted for Money Marketing and Skandia by H2B. The poll found that, nationwide, 35 per cent of IFAs votedConservative, 17 per cent Labour and 9 per cent Liberal Democrat. The poll, sponsored by Skandia in advance of its conference on the […]


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