PPS soars as a fully-fledged financial services business

PPS has launched a groundbreaking range of financial products, to meet the changing needs of the modern graduate professional.

As of 1 June 2007, PPS offers access to a complete range of life, savings, retirement, investment, business assurance, short-term insurance and healthcare products.

According to Mike Jackson, PPS Insurance CEO, "PPS has always had the interests of its members at heart and is continually looking at ways to provide better benefits and improved service."

A range of business assurance solutions has been launched to facilitate various business assurance needs, such as key person assurance, buy and sell agreements and contingent liability assurance.

Life cover, critical illness, trauma and physical impairment cover have also been significantly enhanced.

Chris de Klerk, Corporate Actuary at PPS Insurance, explains that "life cover was previously provided only up until retirement.  For the first time, members can now choose life and critical illness cover for a specified term, term to age 66 or for the rest of their lives.  We now offer comprehensive life cover benefits, which include the PPS Immediate Needs Benefit and PPS Terminal Illness Benefit."

PPS Insurance has added CatchAll Cover to its PPS Professional Health ProviderTM benefit to provide for any unforeseen medical illness or disease that has not as yet been discovered.

PPS Insurance policyholders nearing retirement now have the option to keep their share of the net operating income and investment returns of PPS Insurance, post retirement - via the PPS Surplus Rebate Account Retention Option.  This enhancement allows members to continue to enjoy access to great investment returns at a low cost, while allowing withdrawal of funds as required. Retired members can elect to have their money invested in one of the PPS Investments portfolios.

Through the newly-formed company - PPS Investments - members now have access to an uncomplicated, flexible, highly cost-effective and transparent range of retirement, savings and investment products. PPS Insurance policyholders with these products can share in the profits of PPS Investments.

"We are confident that, with the launch of our new range of products and enhancements, together with the establishment of PPS Investments, PPS is now more than ever ready to meet all the financial needs of graduate professionals," says Jackson.