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Health insurance news: Scottish Provident

Scottish Provident is a long established life and health insurer. It is owned by Resolution PLC and only sells via financial advisers.

Scottish Provident : Company profile

Recent news

Royal London buys Scottish Provident Royal London, the UK's largest mutual life and pensions company, has bought Scottish Provident from Pearl Group. Within the intermediary marketplace, Bright Grey and Scottish Provident will continue to operate as separate brands.
Tax efficient Life/Pension Term Assurance - No insurer has permanently withdrawn from offering PTA Despite what you may have read on other web sites, in the trade press, national and local papers and heard or seen, NO insurer has yet confirmed they have permanently withdrawn from offering Pension Term Assurance. The following insurers have either told us direct or by an official press release, that their product is suspended from any more new business or enquiries. The suspension will stay...
Bright Grey future secure The future of Bright Grey is secure even after parent Royal London buys Scottish Provident. Bright Grey and Scottish Provident will run side by side as both Scottish Provident and Bright Grey are powerful brands. Life insurance: News update: December 2007 Related linksBright Grey - company profile Find out more about life insurance Get a quote for life insurance
Resolution buys Friends Provident Although sold as a merger, owners of Scottish Provident, Resolution, have effectively agreed to takeover Friends Provident. Resolution has about £1bn of cash it wants to invest. Friends need capital to fund its expansion plans. Because Resolution has the capital, its management will have the upper hand in the new company to be called Friends Financial. The plans have yet to receive...
Scottish Provident brand to be retained in merger Resolution and Friends Provident have confirmed that the Scottish Provident brand will be retained should owners Resolution buy Friends Provident. The strategic takeover is unlikely to be completed before November this year. While the companies are claiming that there will be no change in brand position, this is clearly just a holding action to keep intermediaries and customers sweet for the rest...
Scottish Provident appoints Medicals Direct As part of its ongoing commitment to offer top quality service, Scottish Provident has appointed medicals services provider, Medicals Direct. Medicals Direct is an established provider of medical services to the insurance industry. Its access to a network of doctors and nurses throughout the UK allows it to offer a quick, efficient and convenient service. Where Scottish Provident underwriting...
Scottish Provident: Rebrand 2007 New look documents have been produced by insurer Scottish Provident. New owners Resolution confirm that the Scottish Provident brand will continue to be used. A corporate brochure and new literature have been unleashed. The Self Assurance critical illness, and life with critical illness products have all been updated inline with the latest ABI statement of best practice. The insurer has added 5...
Scottish Provident critical illness statistics Scottish Provident's latest critical illness report shows the company paid more than £95.5m in claims during 2006. While 57% of claims were for cancer, 5% were for children's cover, which is automatically included in the policy. A total of 1566 claims were assessed, of which 1257 (80.3%) were paid. Of the 309 unpaid claims 9% were rejected due to not meeting the definition and 10.7% due to...
Scottish Provident death rates fall For its Self Assurance life range , including Self Assurance Term Personal and Self Assurance Mortgage, 92% of prices have fallen on sums insured above £100,000 Some price falls are up to 25%. Health and life insurance : News update: January 2007 Related linksScottish Provident - company profile
Scottish Provident cut prices on life insurance products For its Self Assurance life range, including Self Assurance Term Personal and Self Assurance Mortgage, 92% of prices have fallen on sums insured above £100,000.Some price falls are up to 25%.Related linksScottish Provident - company profileHealth and life insurance : News update: December 2006
Another new owner for Scottish Provident? Resolution Life, owners of Scottish Provident International Life Assurance (SPILA), has confirmed press speculation that a competitor may acquire it. The company acquired SPILA from the Abbey Group in the summer of 2005, along with its other life assurance companies.A statement from Resolution says: 'Resolution confirms it is currently in very early discussions with various parties concerning a...
Scottish Provident cuts prices on critical illness insurance Scottish Provident has cut most prices for its Self Assurance life and critical illness policies Many rates have fallen; some are unchanged, with only a small number increasing. Managing director Ricky Okey says, "This reprice demonstrates our commitment to offering customers a great deal on their plans. With rates reduced or remaining the same on most of our death or earlier critical...