Market Views


Under TCF regulations, advisers are required to look at their client's financial wellbeing and needs. With this in mind, what prominence should cash plans be given, and should they ever be at the forefront of a client's requirements.

Phil Jeynes, Direct Life and Pensions When assessing the use of cash plans it is impossible to avoid comparisons with Private Medical Insurance (PMI) and, for me, the cash plan would always be second best due to the maximum limits and exclusions which most plans carry. The appeal to a client would undoubtedly be the fact that no medical underwriting is needed when affecting a cash plan, and so for some this would be a cost effective way of getting cover for unexpected medical problems. However, pre-existing conditions would be excluded and therefore the usefulness of the plan would b...

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