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AIG Direct delays cancer cover

AIG Direct has postponed the launch of its cancer cover product, which was due to be introduced this week. The product is expected to include Red Arc’s client support services package.

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Thoresen says A-Day pension sales boost could last for years

Aegon UK chief executive Otto Thoresen says A-Day could help drive pension sales for two or three years. He expects to see the current business momentum continue in the second half of this year and into next year and beyond. Aegon UK saw a 55 per cent increase in life and pension business in the […]

Property funds popular for Sipp

Property funds make up three of the six best-selling funds in the FundsNetwork Sipp. Invesco Perpetual high income was the top seller, with Norwich property trust third, New Star property fourth and Standard Life property sixth.

Life business spinning on magic roundabout

The buoyant new business results being paraded by life offices are “absolutely meaningless” and reflect the “magic mushroom roundabout” of high commission, low persistency rates and destroyed capital plaguing the industry, says independent consultant Ned Cazalet. Product providers benefited from an A-Day sales surge, with Norwich Union seeing a 43 per cent increase in UK […]

No-score draw

“I’ve never wielded an axe in my life.” Bankhall chief executive officer Peter Mann to colleague Richard Howells”It’s like people’s sexuality. There is no black or white, just many shades of grey.” FP Advance’s Brett Davidson on the fees versus commission debate”It always makes me laugh when the waiter comes and asks what you would […]

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