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PFS link-up in run-off indemnity deal

PYV and the Personal Finance Society are offering the option of run-off PI cover for firms that cease trading.

PYV says advisers who have been insured with an approved insurer for two or more years can extend their PI cover if they stop trading.

Advisers who have renewed with their current insurer at least once will be offered one year’s run-off cover, those who have renewed twice will be offered up to two years’ cover and after a third renewal advisers will be able to take out cover for up to three years.

PYV says the offer, which is provided by a select number of insurers, is designed to offer set rates based on the adviser’s last annual premium.

Managing director Neil Pointon says: “This offer from insurers is designed to give you the option of set terms for further valuable PI protection if you cease trading after having been insured with this insurer for two years or more.

“Furthermore, this offer may allow you to take advantage of purchasing more than one year’s run-off cover in one go, which is not usually available elsewhere.”


Canada Life updates group income protection

Canada Life has increased the limit on the maximum free cover for its group income protection from £90,000 to £100,000.The insurer has also increased the forward underwriting bar on group IP from 10 per cent to 25 per cent of total benefit and removed the five year time limit so the forward underwriting bar remains […]

Bargain hunt

Markets are as volatile as I can ever remember, moving wildly according to the latest piece of macro data and more often than not on emotion. Valuations have by and large been dumped, perhaps on the basis that if the macro picture is so poor, then valuations cannot be trusted.As one well known fund manager […]

Dancing bear

Purchasing and supply managers are responsible for ensuring the businesses in which they work are adequately tooled up for expected conditions. When they start to rein back in anticipation of tougher conditions ahead, then it is not unreasonable to expect economic contraction. The non-manufacturing ISM Index result suggested the US economy had hit the buffers.

Cash pointers

In April, at the start of the 2008/09 tax year, new legislation comes into force which will allow cash Isa savers transfer their money into equity Isas, without losing their taxexempt status or affecting that year’s Isa allowance.


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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