View more on these topics

NU offers Solutions to increase corporate PMI cover

Norwich Union Healthcare is targeting its new group PMI product, which combines a core package with additional modules that can be used to increase cover, at companies with 50 or more employees.

Solutions allows corporate clients to select additional cover from any of four modules.

They can also choose between three levels of cover for different types of employees depending on their seniority.

The first of the four modules offers psychiatric cover, the second GP-referred services, including radiology, pathology, chiropody and other alternative treatments, the third extended hospital lists and the fourth offers optical and dental cover.

The core offering includes home nursing, psychiatric outpatient treatment up to £1,000, a 24-hour GP helpline, maternity cash benefit and stress counselling.

Solutions does not replace NUHC&#39s Optimum product which will continue to be available for companies with more than 100 employees.

Head of business development Carolyn Derrington says: “Instead of a product which charges companies for cover they do not want and will probably never need, intermediaries will now be able to recommend a variety of options from which they can pick and choose to meet their needs and their budget.”


BA shuts final salary schemes

British Airways has announced that it is shutting its two defined benefit pension schemes to new members blaming FRS17, poor stock market returns and increases in life expectancy.BA found that under the new calculation the shortfall was £394m in the two schemes which have combined assets of around £10bn. It has yet to release details […]

Gap filling not abolition says Ilag

Gap filling is better than complete abolition of the current polarisation regime says the Investment & Life Assurance Group in its response to CP121.The trade body also says IFAs should be able to retain their current status whether they adopt the DP system or not.Ilag chairman Bill Tonks says: “The proposals in the CP do […]

Rathbones – Ethical Bond Fund

Wednesday, May 8, 2002 Type: Unit trust Aim: Income by investing in ethical investment-grade bonds Minimum investment: Lump sum £1,000, monthly £100 Investment split: 100% in ethical investment-grade bonds Yield: 6.2% gross a year Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1.25% Commission: Initial 3%, renewal 0.5% Tel: 020 7399 0399

Nationwide says housing market &#39not overheated&#39 despite record price rises

House prices are rising at a record rate, with the average home now costing £100,473 – £14,000 more than last year – according to the latest house price index from Nationwide.House prices went up by 3.4 per cent in April, says Nationwide. The annual increase is 16.5 per cent.However, the building society says the market […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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