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Skandia turns the key

Skandia is running a campaign to help IFAs get the most from the corporate protection market. To mark the campaign, it has published a free IFA guide and new business insurance and premium equalisation calculator.

The guide includes information about key employee cover, loan cover and partnership and shareholder protection, as well as details about taxation and Skandia products.

Skandia&#39s calculator allows IFAs to equalise premiums on partnership and shareholder policies in line with the level of cover each party requires by inputting the client&#39s name, percentage ownership in the business and premiums paid.

The guide explains the benefits of key employee cover which aims to protects a business against the financial effect of the death or illness of a director, important salesperson or other crucial member of staff. It is estimated that only 5-10 per cent of UK firms which should have this cover have taken any steps to protect themselves.

Protection brand manager Shelley Robertson says: “We all understand how important insurance cover can be to the survival of a business, yet so many businesses forget to insure their most valuable asset – their people. Many IFAs shy away from business insurance due to its complex nature but the new Skandia calculator can help IFAs take advantage of opportunities in the untapped corporate market.”


Berkeley Alexander – HospitalCARE

Monday, 29 July 2002 Type: Private medical insurance Minimum-maximum ages: 18-64 Maximum benefit: Section one – £5,000, section two – £10,000, section three – £5,000, section four – £5,000, section five – £1,500 Cover provided: Section one – Angioplasty, cartilage operation, dental work, ears, eyes, nose,throat, duodenal, peptic or gastric ulcers, gall bladder, hernias, haemorrhoids […]

Tep Exchange Group narrows losses

Traded endowment policy firm Tep Exchange Group says it has narrowed its losses to £83,000 in the first six months of this year from £819,000. It says this is due to increasing the number of IFAs registered with it and forming trading alliances with IFA portals to increase trading in Teps. It believes FSA policy […]

American Express launches seven new funds

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The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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