View more on these topics

Most people would pay for medical treatment but underestimate costs

The vast majority of people would be prepared to pay for private healthcare rather than wait for treatment.

In a survey of 2,000 adults by Standard Life Healthcare, 85 per cent say they would consider paying up to £1,000 for private treatment while 62 per cent would consider paying up to £5,000.

But Standard says most people are unaware of the real cost of treatment, with 60 per cent underestimating the cost of heart bypass surgery – around £14,500 – while 80 per cent underestimated the cost of a knee replacement.

Fifty-eight per cent believe that their employer should be responsible for employee healthcare, saying this would reduce the number of sick days, boost productivity and reduce stress.

Chief executive Mike Hall says: “The message is clear. People want to wait less time for treatment, they will pay out large sums to avoid a wait but do not know the actual cost of healthcare so need insurance.”


Platinum Capital Management – Platinum Dynasty Fund

Type: Hedge fund Aim: Growth by investing long and short in large-cap Chinese equities and China-related companies Minimum investment: $100,000, euros 100,000, $25,000 or euros 25,000 through Platinum wealth management bond Investment split: 100% large cap Chinese equities and China-related companies Place of registration: Isle of Man Charges: Initial 1.5%, performance fee 15% Commission: Subject […]

Out of context

•”You know Christmas has arrived in York when there&#39s a queue for the park and ride on Christmas Eve.” – Norwich Union marketing director Simon Quick. •”I&#39m too old to be headbanging.” – Aifa director of policy Fay Goddard. •”I have made a career out of being down market.” – Industry guru Keith Popplewell spurns […]

NU hikes protection premiums

Norwich Union is increasing its premiums on mortgage life insurance with guaranteed critical illness by an average of 8 per cent and on term assurance with guaranteed critical illness by an average of 12 per cent. It says that existing policy holders and pipeline business will not be affected and puts the hike down to […]

Aifa&#39s view

2003 was a year of good news and bad news. Good news! The FSA is halving the number of consultation papers it publishes next year. Bad news! The Treasury select committee is holding an enquiry so we will not notice the difference. Good news! IFAs still account for a tiny proportion of complaints, especially complaints […]


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