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Aegon takes 50 per cent stake in Wentworth Rose

Aegon has taken a 50 per cent stake of retirement specialist IFA Wentworth Rose for an undisclosed sum with options to increase its share. Aegon says the move to buy the holding in the Surrey-based IFA with 46 RIs is the first in a major strategic decision to invest in distribution.

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The awful truth behind criticism of 50-year loans

So, life companies have chosen to criticise the very idea of a 50-year mortgage. Well, fancy that.“They say savings on 50-year loans would be minimal as protection policies would be very expensive if available at all for such terms,” quotes last week&#39s MM.Isn&#39t Norwich Union the same life company which promotes an equity-release plan to […]

Take a Tep from me

The traded endowment market has come of age. Last month&#39s policy statement from the FSA recognised the role that the market plays for policyholders who can no longer keep their policy going. And with their extended use of online endowment trading services IFAs are ideally placed to handle the increased enquiries expected as a result.Tep […]

Legal & General says it is still committed to IFAs

There was a news item in last week&#39s edition of Money Marketing in which advisers questioned Legal & General&#39s commitment to IFAs in the light of changes that we have made to commission on pension increments and linked this to our relationship with Barclays.I feel this has misrepresented our strategy and our position in the […]

Widows fences off two new with-profits funds

Scottish Widows is anticipating the Sandler review by offering two new ring-fenced growth and income with-profits funds using derivatives.The income with-profits fund will be a smoothed managed bond fund, invested entirely in bonds. The growth with-profits fund will have a traditional equity-based asset mix.The final bonus will be the difference between the yield on each […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]

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