View more on these topics

ScotEq enhances group dread plan

Scottish Equitable Employee Benefits is revamping its group critical illness contracts as part of its bid to become a market leader.

Seeb, which launched in May, is increasing its maximum cover limit before medical underwriting to £250,000 from £150,000. It believes this is the highest level available on the market.

Employees suffering from an illness diagnosed 10 or more years before cover begins, but who have not had any ongoing treatment within the last 10 years, may also be eligible for a reduced level of cover.

Seeb says the plan enhancements are aimed at increasing cost flexibility for employers, enabling them to provide a higher quality of critical illness cover for employees and their families.

Seeb is also increasing the number of medical conditions covered in its critical illness contract to 25 from 17. Employers can choose whether to provide cover for all 25 conditions or just seven core conditions at a reduced cost.

Marketing actuary Rod McCarthy says: “These changes mean our group critical illness contract has two unique features making it one of the most attractive contracts available on the market.

“As people are changing jobs more frequently, more and more employers are keen to offer a first-class benefits package to attract and retain good staff.

“This is a growing market for IFAs and one in whichwe intend to offer a market-leading range.”


&#39Sell stakeholder as alternative to AVCs&#39

Product providers are urging IFAs to sell stakeholder and personal pensions to occupational pension scheme members as an alternative to AVCs.Pension experts say IFAs should use partial concurrency as a way to revive the pension top-up market by preparing to sell stakeholder or PPs as a type of additional contribution.Providers claim far too few people […]

Insurance website scores one million hits

Goodfellow Group managing director Simon Burgess says the success of its Securityfirst website shows hands-off marketing tactics are working.The three-month old website has registered more than a million hits bringing premium sales income to nearly £3m.Burgess says: “One does not need to exploit clients to generate significant profits. Banks and building societies take anything up […]

Inter-Alliance pens deals to allow further growth

National IFA Inter-Alliance has teamed up with online credit card company Marbles and to extend its e-business activities. Already linked with Freeserve and, the Inter-Alliance-Marbles partnership, launched last week, will give users access to the Inter-Alliance Isa Centre and fund supermarket. Its coupling with online investors resources site,, will lead to a […]

Britannia&#39s flexible loan offers loyalty incentive

Britannia Building Society is offering a flexible mortgage which rewards the loyalty of its borrowers as competition in the market intensifies.Borrowers receive a 0.15 per cent discount on the interest rate if they keep their mortgage with the building society for five years. After 10 years, the discount increases by a further 0.15 per cent.Existing […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment