A busy time at PG Mutual
PG Mutual asks “Do you have a Plan B?”
For most people, Plan A is being able to maintain their lifestyle, have enough money to do the things they enjoy and to save for the future. For the majority, this is funded through earning a salary; however, surveys suggest that 9 out of 10 UK workers do not have any income protection cover in place* to provide them with an alternative income if they could not work due to illness or injury.
With state sickness benefit only worth around £300 a month** PG Mutual’s new advertising campaign emphasises the need for people to think about their own Plan B.
“In the current economic climate, at a time when everyone is acutely aware of rising living costs, we want to encourage healthcare professionals to ask themselves, “Have I got a Plan B?” At PG Mutual we offer Income Protection Insurance that can help maintain your current lifestyle, with cover available from the first day of illness or injury. Our members can then rest assured that they have their Plan B in place”, says Mike Perry, CEO of PG Mutual.
* Source: www.moneymarketing.co.uk April 2012
**Employment Support Allowance is £67.50 a week. Source: www.dwp.gov.uk March 2012
PG Mutual members to benefit from new partnership with Skipton Financial Services
PG Mutual has announced a partnership with Medical Insurance Agency (MIA), a trading division of Skipton Financial Services (SFS), to offer its members access to whole of market financial advice through PG Mutual Financial Services.
SFS is a wholly-owned subsidiary of Skipton Building Society and is a whole of market financial adviser, which means it is not tied to any provider and can recommend products from across the market place. Its particular specialism’s include advising on investments, pensions and inheritance tax planning for people of all ages.
Mike Perry, Chief Executive Officer at PG Mutual, commented, “I’m very pleased to announce the launch of PG Mutual Financial Services on 5 April 2012. We see our partnership with SFS as an important development, with PG Mutual members having access to a range of products designed to help them make the most of their money, and plan for a successful financial future. SFS are one of the UK’s most respected and trusted financial service providers, and like PG Mutual are driven by the needs of their customers.”
Andrew Barker, Managing Director of SFS, added, “We are delighted that PG Mutualhas chosen to work with us. For them to entrust SFS to provide their members with advice on their personal finances is a real endorsement for us and a great opportunity for healthcare professionals to become aware of and benefit from our services.”
The Mutual Manifesto challenges all political parties to show they understand the mutual sector.
Mutuals have proved themselves to be resilient in recent years and have seen rapid increases in market share between 2008 and 2010 being at the forefront of product innovation in the insurance sector.”
John Reeve Chief Executive
Family Investment 2011
The AFM Conference and Annual General Meeting this year was held at The Belfry, West Midlands, between 16 and 18 October.