View more on these topics

Personal touch from Scottish Equitable

Scottish Equitable has introduced a menu style protection plan for individuals and their families that includes critical illness, life cover and permanent total disability.

Premiums are based on age, sex and smoking status and cover is available on a single or joint life basis.

The critical illness part of the plan covers 26 conditions and pays a lump sum if policyholders or their children are diagnosed with one of the conditions during the benefit term they have chosen. As an alternative to a cash lump sum, a monthly income is paid out if the policyholder opts for the critical illness family income benefit.

The plan allows policyholders to set the benefit on a fixed term basis or they can choose to it can be renewed every five or 10 years.

Individual personal protect plan has the flexibility to meet the changing needs of policyholders as it enables them to take the basics of cover then add on extra benefits at a later stage.

However, the menu approach is flavour of the month and the plan could face competition from companies like Friend&#39s Provident, which recently introduced its select plan to the individual and family protection market.

Critical illness cover only for a 30-year-old non-smoking male on a £100,000 sum assured over a 25 year term would be £17.10 a month with the Scottish Equitable plan. Under the Friends Provident Select plan on the same terms, the monthly premium would be £21.52 a month.


Williams De Broe – First Housing Investment Trust

Friday, 23rd March 2001.Type: Split-capital investment trust.Aim: Growth and income by investing in properties in England, Scotland and Wales with a maximum value of £125,000 in London and £85,000 elsewhere.Minimum investment: £2,000.Maximum investment: None.Investment split: 100 per cent in properties in England, Scotland and Wales.Types of share: Capital shares and income shares.Isa link: No.Pep transfers: […]

Skandia adding to multi-manager range

Skandia is to add four funds to its life and pension multi-manager range, taking the total number of funds offered to 236 from 22 providers.The new funds, which will be offered from April 4, will include the range&#39s first zero-dividend preference share fund, Aberdeen&#39s progressive growth fund.This fund will also be added to Skandia&#39s multi-fund, […]

Clerical demands clear disclosure of white-labelling

Clerical Medical is calling on the FSA to bring in a tough disclosure regime if white-labelling is introduced under phase two of the polarisation review later this year.Research carried out by the life office shows consumers are in favour of full and clear disclosure of product providers if white-labellingis introduced.Ninety-four per cent of those surveyed […]

Johnson&#39s view undermines PIA requirement

What excellent news from Melanie Johnson that stakeholder pensions can be bought without taking advice (Money Marketing, March 22).This means IFAs do not need to provide advice about stakeholder when discussing retirement provision with clients but instead will be within their rights to say that stakeholder pensions exist and clients should go and find out […]


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