View more on these topics

One in five would take out loan to pay for PMI says Virgin

More than one in five would consider taking out private medical insurance rather than relying on the NHS according to a recent survey from Virgin.

The research reports 22 per cent would take out a loan to pay for PMI instead of waiting for a place in the NHS.

Virgin says the cost of the average policy has risen by 51 per cent to £686 in 2001 from £454 in 1992 and as a result more people are taking out private loans because they cannot afford the costs of PMI.

Money marketing manager Gordon Maw says: “Everyone knows the NHS has massive funding problems which the Government is attempting to address, and the results of our survey may or may not say something about current public perceptions of the service it provides.”

“Our suspicion is that vast numbers of people are continuing to turn their backs on costly private medical insurance policies which are clobbering customers with rising premiums and lengthy lists of exclusions.”


An oversight by the FSA

Six months on, N2 is coming home to roost. In its rush to impose the new regulatory regime last December, the FSA faced the thankless task of telling us how the changes would affect us.Not surprisingly, it failed to get beyond the headlines and it is only now that the ramifications of some aspects of […]

Building blocks of N&P success

Norwich & Peterborough Building Society can certainly not be accused of sticking to mainstream lending as it has made a point of differentiating itself through niche products such as self-build mortgages.The UK&#39s 14th-biggest society says it is keen to hold on to its traditional roots, not least through a firm commitment to mutuality.General manager Stephen […]

Independent View

“Invest when blood is running in the streets” is the famous quote of Nathan Rothschild. Quite literally during a war, when it is often the best time to invest because prices fall to such low levels when everyone is panicking that bargains can be picked up.We are not at that stage yet but, without doubt, […]

UK average wealth reaches £26,200

The average wealth of Britons rose by 34 per cent to £26,200 in summer 2001 from £19,522 in 1996, according to the latest Wealth of the Nation report from data analyst Caci Information Services.The joint-wealthiest postcodes are Thorntonhall, South of Glasgow and Fleet Elvetham Heath in Hampshire, with 13 per cent of households earning an […]


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