View more on these topics

Standard widens health plan

Standard Life Healthcare is extending its health cash plan into the corporate market after the launch of its individual cash plan last year.

The new plan aims to complement the company&#39s existing private medical insurance schemes, providing cash payouts for a range of medical conditions and including dental and optical treatment as well as cash during periods of hospitalisation.

Groups of three or more employees can be covered at a 10 per cent discount on individual rates, with bigger discounts for groups of staff of over 100.

The company is also introducing an employee-funded voluntary health cash plan aimed at companies with more than 1,000 employees which are looking to enhance their benefit packages.

The plan includes work sickness benefit which pays out up to £400 a year to employees absent from work due to illness, with claims paid directly into their bank account.

Commission is 30 per cent initial with 5 per cent annual renewal. Premiums start at £1.38 a week for the corporate health cash plan, providing basic cover of £10 a night for hospital inpatients.

SLCH managing director Mike Hall says: “IFAs will find our cash plan a useful addition to the portfolio when dealing with both corporate and individual customers. It offers attractive extra benefits to existing or potential PMI clients, as well as a valuable contribution to the healthcare costs of other sectors of the public.”


EDS link provides after-sales services for Abbey National

Abbey National is linking up with Electronic Data Systems to provide post-sale servicing of Abbey&#39s retail mortgages and personal loans. Abbey says the deal will increase the range of flexible mortgages and enable customers to manage their loans through the internet and digital TV. It believes the deal will create the UK&#39s biggest third-party administrator […]

Cashing in on interest rates

Over the last six weeks, I have discussed the potential impact of volatility, correlation strategy and efficient frontier on portfolio planning. The aim was to devise a portfolio to at least give the highest possible returns for a given investor risk profile. More than this, though, the combination of these concepts and strategies aims to […]

Shuffling the pension pack

Perpetual has brought in a group personal pension plan with a choice of unit-linked funds. We asked our panel of brokers to compare it with two similar products, the GPP from Scottish Widows and a GPP from Standard Life. Looking at market suitability, Rawnsley says: “Perpetual has a long established investment pedigree which lends itself […]

Saving for an election day

A general election is looming. Some bookmakers have stopped taking bets on a May election and the Conservatives are staking out personal finance as a battleground. Shadow Chancellor Michael Portillo says a Conservative Government would cut the tax on interest earned on savings unless savers have an income above £32,000. Above that threshold, the current […]


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