Origen is introducing a healthcare product aimed at people over 55 and underwritten by Axa PPP.Retirement Essentials is designed to provide cover in treatment areas which have long NHS waiting lists and major impact on quality of life. The areas covered are heart and eye problems, joint replacement and inguinal hernia repair. Policyholders have two options. The first involves full medical underwriting and full healthcare cover, inclu- ding cover for two years on pre-existing conditions, which may then be reassessed. Alternatively, policyholders can transfer an existing policy with another provider along with their medical history meaning they could also claim for pre-existing symptoms. Head of healthcare John Horley says: “This extension to our product offering is a key step in our plans to extend our healthcare range and supports Origen’s vision of being the company of choice for financial and benefit solutions. “The product enables over-55s either to enter the medi- cal insurance market for the first time or possibly transfer from group schemes or individual schemes.”
Rentokil has extermin- ated its final-salary scheme and other schemes are lining up on the taxiway to avoid interference from our newest regulator.
FundsNetwork has expanded its range of Isa-eligible property funds following changes in the rules to allow non-Ucits retail schemes to qualify. Investors now have access to the Norwich property, Schroders global property securities, New Star property and Standard Life select property funds. The Aberdeen property share, Fidelity global property, Skandia global property securities and Skandia […]
One of the successes of 2005 was the New Star property unit trust. This is a highly suitable investment for trustees and those investors wanting an above-average secure income as well as the prospect of some capital appreciation. It is also ideal for elderly investors who want a comparatively high and rising income.
Standard Life International has moved into the offshore investment market with the launch of an international bond.The bond will be sold and administered from the recently established offshore office based in Dublin and will be available to all UK residents and UK companies.Main features of the product include tax deferral and control available to the […]
Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]
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Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]
The FCA has finished implementing the recommendations of the Financial Advice Market Review with the publication today of a policy statement relating to personal recommendations today. The FCA aligned itself with Mifid II last year by mandating that regulated advice must contain a personalised recommendation. In August last year, the FCA published a consultation paper […]