View more on these topics

The year of better protection

I will be looking to the Gov ernment&#39s Health and Social Care Bill being introduced to Parliament to give an indication of how it plans to define nursing care.

Now that the Treasury committee looking into long-term care regulation has made its decision or at least announced a consultation exercise, Bennett says regulation will become a reality.

He believes this will be a good thing for the industry as it will inject greater consumer confidence into the industry.

“More and more people will need to understand how they personally stand when it comes to paying for LTC. The Government has now gone as far as it will do in providing assistance so there is a clear market here for IFAs to take advantage of.”

Scottish Provident product marketing manager Roger Edwards predicts big things for the protection market in 2001.

He says: “There will be massive market growth in 2001 and we will all benefit, particularly IFAs. I have already christened 2001 the Year of Better Protection.”

Recommended

Friends Ivory & Sime launches split capital investment

Friends Ivory & Sime has launched a new split capital investment, Geared Opportunities Income Trust, which will invest in UK quoted investment trusts and investment companies. GOIT has around £57m committed from institutional investors and will be managed by John Stubbs of FIS. The launch follows FIS&#39s rollover of ISIS Trust in November 2000, which […]

Woolwich buy to seizes on increase in private renting

Woolwich has introduced a five-year fixed rate buy to let mortgage to capitalise on the steady increase in private renting. Private renting has been growing since the 1990s as a result of changes in working patterns, particularly as contract working has become more popular. The mortgage is fixed at 7.29 per cent until April 1, […]

PIA expels Kendall White and Company

The PIA has expelled Wolverhampton firm Kendall White and Company Limited because it no longer meets its financial resources requirement. The firm, of Oriel Lodge, 796 Stafford Road, Fordhouses, Wolverhampton, went into administrative receivership on November 29, 2000 and was expelled yesterday after investors lodged claims with the Investors Compensation Scheme, which declared the firm […]

Inter-Alliance supermarket links with BT

National IFA Inter-Alliance is teaming up with British Telecom in a move which will provide BT website users with access to the IFA&#39s fund supermarket and advisers. The Isa and fund supermarket went live on the BTopenworld website this week following a stockmarket announcement. Inter-Alliance will have immediate access to BT&#39s 800,000 online customers and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment