View more on these topics

PMI shows sole rise

Private medical insurance is the only protection product that has seen improved sales.

Term insurance, critical-illness cover, income protection, mortgage payment protection insurance and PPI all suffered falling sales in the last year.

The Protection Review annual report, co-edited by industry figures Peter Le Beau and Andy Couchman, offers an independent analysis of the health and protection markets in the UK.

It shows that sales of CI were down by 19.6 per cent, income protection was down by 14.7 per cent and whole of life plans were down by 19.7 per cent. MPPI and PPI sales fell by 5.8 per cent and 2.5 per cent respectively. The PMI sector saw the sole rise. up by 3.3 per cent.

Norwich Union Healthcare managing director Graham Boffey says: The market has stopped declining. We expect 2005 to have remained fairly static but believe the recent introduction of modular products will help grow the market.

In addition, recent publicity around the NHS, including the potential funding problems beyond 2008, may start to encourage more individuals to think about PMI.

AMII chairman Steve Walker says: The individual market is at last showing signs of growth following prolonged stagnation. I believe this is being achieved by the wave of new products which are at last addressing the affordability factor.


Fear and loathing at the Treasury

Some off-the-cuff remarks from Gordon Brown’s right-hand man Ed Balls, Economic Secretary to the Treasury, suggest a less than complimentary view of IFAs.

IFS slams ‘chaotic’ finance education

The Institute of Financial Services has launched a scathing attack on the state of financial education in schools. It says the UK system for personal financial education in schools is chaotic and strategies are piecemeal, unstructured and ad hoc. The remarks are in response to the FSA’s survey, entitled, Personal Finance in Schools, a benchmark […]

Whitmore to run Jupiter fund

Schroder recovery fund manager Ben Whitmore is joining Jupiter to run its UK special situations fund. He replaces Paul Sheehan who will continue to manage Jupiters Primadona investment trust. Schroders UK analyst Kevin Murphy and pan-European analyst Nick Kirrage jointly replace Whitmore.

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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