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Skandia cics off with protect

Skandia Life has introduced Skandia protect – an individual critical illness plan that enables clients to renew their cover in 10 year chunks, without having to provide additional information about their health.

This rolling term approach can last indefinitely, but those who prefer fixed term cover can choose cover that lasts between five and 35 years.

Skandia Protect offers clients critical illness cover with or without life cover. There is a choice of single or joint cover and total permanent disability cover based on an own occupation definition of disability is available at an extra cost.

Skandia protect covers a range of 27 conditions and children of policyholders are automatically covered. Bupa has a similar critical illness plan that covers 29 conditions also includes children critical illness cover.

A 30-year-old non-smoking male requiring critical illness cover only on a £100,000 sum assured over 25 years would pay £23.21 a month under Skandia Protect and £29.41 under Bupa&#39s critical illness cover.


Annuity liabilities still to be resolved

The thorny problem of Equitable&#39s guaranteed annuity liabilities has still to be tackled despite the Halifax deal for the salesforce, admin and fund management. Halifax will pay a further £250m to Equitable if policyholders reach an agreement but it will not be involved in working out a compromise. Equitable will be battling it out alone […]

Towry Law looking at brand after buys

IFA Towry Law is carrying out an investigation into recognition of its brand.The firm has bought Advizas, HambroFraserSmith, Guthrie Harrington and Park Dale in the last two years.Towry Law says it has inherited a number of cultures and it wants to create a common culture and consistency.Corporate branding consultancy Corporate Edge has started working to […]

Degrees of separation

IFAs are becoming an endangered species – or at least an increasingly elderly one. IFAs and recruitment agencies agree that finding new IFAs is becoming more and more difficult. But while the industry recognises this shortage, firms are reluctant to recruit graduates. Instead, they are all trawling the same ever decreasing pool of qualified and […]

FSA panel wants DTI and Treasury probed

The Treasury select committee inquiry into Equitable Life&#39s closure must not limit its investigation to the role of the FSA but include Government departments, says the Financial Services Consumer Panel. Chairman Colin Brown has written to the Parliamentary committee expressing his concern that the inquiry will only cover the period since 1999 when the FSA […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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