View more on these topics

ScotEq to keep cover for angioplasty

Scottish Equitable is maintaining cover for angioplasty under its critical-illness offering despite a big number of insurers dropping cover for the treatment.

Several of ScotEq&#39s rivals, including Friends Provident, Legal & General, Norwich Union, Scottish Provident and Standard Life, have pulled the plug on cover for the treatment, arguing that it is a relatively simple procedure that requires a short recovery time, with some patients back at work within 10 days.

As a result of its removal, providers say they have been able to continue offering guaranteed rates but ScotEq, which does not have guaranteed rates, says it will continue angioplasty as a core condition on reviewable rates.

ScotEq is offering a pamphlet to IFAs next week entitled, Helping You Understand Angioplasty.

Head of underwriting Matt Rann says: “Let us be realistic – angioplasty is a critical event and we have no plans to remove it from our critical list.”

But Lifesearch spokesman Kevin Carr says: “The fact that ScotEq is leaving angioplasty on their critical list has little effect on us. Approximately half of the industry has taken it off. Angioplasty used to be a major procedure and it no longer is.”


Mutuals lead the league on bonds

Scottish Friendly is leading the way in the with-profits bond market, according to the latest survey by Investment, Life & Pensions Moneyfacts. The research group&#39s results show with-profits bond returns over various periods based on a single premium of £25,000. The best performer over five years was Scottish Friendly which showed a return of £31,170, […]

&#39Networks face VAT bill rather than members&#39

Networks and not their members will be facing liability for Vat bills on member charges, according to a senior tax expert at accountancy firm Deloitte & Touche. Deloitte & Touche partner Robin Hume says the position could all boil down to the contracts negotiated between networks and their members. He believes the majority will not […]

Equitable QC moved policies before House of Lords judgment

The barrister representing Equitable Life policyholders in the House of Lords case over guarantees moved £700,000 of his own policies days before the judgment, according to media reports. Jonathan Sumption QC moved the funds a week before the court decision although he did keep one non-pension policy with the stricken life insurer.

In the right spirit of things?

Some might say the Financial Services Skills Council has been in the spiritual wilderness lately, stumbling on the path to exam framework enlightenment and failing as yet to find its qualifications nirvana. However, the Diary has heard that PR Kate Saunders is taking a transcendental approach to her work. Earlier this month, she climbed the […]


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