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Aegon profits leap by 36%

Scottish Equitable&#39s Dutch parent company Aegon has increased profits by 36 per cent to £473m in the first nine months of the year compared with £347m in the same period last year.

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Court extends pension rights for part-timers

The European Court of Justice has opened up the possibility of part-time workers applying for backdated pension payments. The court ruled last week that part-time workers can claim entitlements to pension benefits back to April 8, 1976. British law says companies have to backdate part-timers&#39 entitlements by only two years.

BoS offers James Bond fans a licence to spend

Bank of Scotland plans to give James Bond fans a licence to spend when it launches a new 007 credit card in the New Year. The MasterCard will be marketed by TransNational and backed by the Bank of Scotland. It will sport a Bond logo that should be the envy of all would-be secret agents. […]

PIA fines London firm £10,000 over review

The PIA has slapped a £10,000 fine on a London broker for not carrying out the pension misselling review properly. Jacobs Insurance Brokers, of Cavendish Road, Highams Park, which has four registered individuals, has also been ordered to pay the costs of a verification visit. The PIA has also rejected the membership application of M […]

Brief

IFAs are Luddites and do not use the internet. Rubbish, it would seem. Earlier this year, we ran a competition with Tunbridge Wells Equitable asking readers to find out the weight of the heaviest baby ever born. Well, loads searched the net, it seems, giving us all manner of accurate and detailed answers. (The right […]

Tax allowances and exemptions

Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]

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