View more on these topics

Virgin Money launches new cancer cover protection product

Virgin Money is launching a cancer-only protection product, to be administered by Scottish Widows.

Money Marketing reported the planned launch last February, which was denied by Virgin Money.

The new product, to be called The Big V, is not a critical illness policy, and will run a severity-based approach to cover.

Virgin says it will be as cheap as 5 a month and will be sold directly over the phone and internet.

Staged payouts will be offered, based on severity of cancer. Early cancer will pay out 10 per cent of the sum assured, intermediate will pay out 25 per cent and advanced 100 per cent or any remaining balance.

Virgin Money chairman Sir Richard Branson says: “We are hammering down the cost of cancer protection and offering the most comprehensive cancer cover available in the UK. Our severity-based approach links the benefits to the impact of the condition which allows such keen pricing. The staged lump sum payouts mean quicker payout of cash which will help our customers to focus on recovery and not worrying about their finances.”


NCG extends preferential PI terms to non-Bankhall firms

IFAs no longer have to be Bankhall members to benefit from preferential PI terms offered by NCG Professional Risks. The commercial insurance broker, which specialises in professional indemnity cover for financial services businesses, says it is removing the restriction on its preferential terms which can save IFAs as much as 10 per cent on their […]

If wishes were houses

I have made ade the usual New Year’s resolutions of daily visits to the gym and no alcohol in January and February. However, when it comes to the mortgage industry, I have a much longer wish list of things I would like to see happen in 2006.

ABI urges Cameron to rethink PMI tax relief

The Association of British Insurers is calling on Tory leader David Cameron to recognise the value of tax incentives in private medical insurance after he described the approach as “flawed”. In his first speech on the NHS, Cameron firmly ruled out the patient passport policy of subsidising private care and ex-Prime Minister Margaret Thatcher’s idea […]

Britannic’s UK boutique goes live with opps fund

Britannic Asset Management has launched its UK Cartesian boutique run by former SVM managers David Stevenson and Andrew Kelly. The first fund to be launched will be the Cartesian UK opportunities fund, investing in 30-60 high conviction stocks with a bias to mid and small cap companies. Stevenson and Kelly believe mid and small cap […]


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 thought leadership.

    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