View more on these topics

Rechabite rewards abstinence from the demon drink

An army of teetotallers is set to benefit from a cheap sickness benefits scheme thanks to those scourges of the demon drink at the Rechabite Friendly Society.

The society demands that its members sign a pledge of abstinence before being able to take advantage of its products.

Despite evidence to show that a couple of glasses of red wine a day can actually improve your health, anyone willing to purge themselves of the temptation to take a drop of the hard stuff can benefit from the society&#39s new sickness scheme.

The scheme provides incapacity benefits ranging from £50-£500 a week.

Premiums start at £3.85 a month for 17-25-year-olds and rise according to age and the amount of cover required.

Rechabite is also launching an endowment fund targeted at the older investor who wants to invest but does not need expensive life cover.

Rechabite has 23,000 members and £11.7m funds under management.


&#39Small firms are dealing with Year 2000 bug&#39

Warnings that small businesses face meltdown because of the millennium com puter timebomb have been exaggerated, according to business finance specialist Alex Lawrie. A survey of 200 small and medium-sized businesses with turnover between £1m and £10m shows that small businesses are tackling the computer crisis. IT experts warn that many small businesses are failing […]

NPI axes initial charges in bid to double Pep take

NPI is scrapping initial charges on its Taxbeater Pep and launching a guaranteed Pep in a bid to double Pep new business this year. The £210m NPI Taxbeater Pep will have no initial charge and an effective bid-offer spread of 0.3-0.7 per cent from February 23. NPI will pay 3 per cent commission. But a […]

ISA limit raised to £7,000 in first year

The main features of the Individual Savings Account announced by the Chancellor are: Everyone will have the same chance to subscribe to the ISA, irrespective of the current value of their Pep and Tessa holdings. The ISA will start on April 6, 1999 and be guaranteed to run for at least 10 years. The annual […]

Standard Life banks on video in drive to IFAs

Standard Life is posting 20,000 videos hosted by BBC news anchorman John Humphrys to IFAs as part of a publicity drive for its new banking facility. The short video, which IFAs will receive this week, will show Standard Life general manager Jim Spowart being quizzed by the Radio 4 Today programme presenter about the bank&#39s […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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