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Swiss Life doubles maximum critical illness cover

Swiss Life (UK) has doubled the maximum critical illness benefit available to members of employer sponsored schemes from £250,000 to £500,000.

It has also extended the number of medical conditions covered to all new and existing plan holders at no extra cost.

Maximum cover for spouses or children of members has also been increased to £50,000 and £20,000 respectively.


Stroud & Swinton adapts two mortgages due to base rate changes

Stroud & Swindon Building Society has anticipated customer demand following the cut in base rates and launched two variations on its standard flexible mortgage.The Fees Free Capped and Flexible Remortgage guarantees the interest rate payable will not exceed 7.7 per cent until January 1 2002. Cash bonuses are available, solicitors costs are paid by the […]

Equitable Life launches internet policy tracking service for clients

Equitable Life has launched the first system in the UK allowing individual policyholders to track their investments on the internet.Clients will be able to use the on-line service to constantly monitor the value of their policies and take care of all their administration, such as switching funds and notifying changes in address.Equitable Life senior manager […]

Women stick to safer products due to lack of experience

IFAs and financial analysts believe that women still lack financial experience and confidence despite the increasing numbers investing in Peps and tessas and taking out mortgages.A research report by Mintel revealed that 76 per cent of women preferred to opt for minimum risks for their savings.Holden Meehan partner Amanda Davidson says: &#34Women have been traditionally […]

ACCA opposes reform proposals for final salary scheme accounting

The Association of Chartered Certified Accountants has dismissed some of the proposed reforms to final salary pension scheme accounting principles as unnecessary.ACCA expressed surprise that an Accountancy Standards Board discussion paper put forward the &#39immediate recognition option&#39 in the critical area of actuarial gains and losses.ACCA believes that gains and losses should be spread throughout […]


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