Personal Finance: Loose Change

SCOTTISH WIDOWS is launching an income protection policy, which pays out in the event of someone being unable to work for an extended period through either sickness or accident. Premiums for the policy are age, health and occupation-related. Call 0845 8450545 for details.

SAVILL PRIVATE Finance is launching a three-year discounted mortgage, cutting 1.35 per cent off the standard variable rate on loans of up to 75 per cent of a home's value. Currently it would give an effective rate of 5.24 per cent. There are no redemption penalties. Call 0171-330 8550.