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Arla asks MPs to tackle landlords in rental sector over deposit abuse

The Association of Residential Letting Agents is asking an all-party group of MPs for help in tackling deposit abuse in the Private Rented Sector by giving letting agents and their landlords an explicit choice. The body wants to see landlords meet either the standards of an appropriate lettings industry body or hand over tenants&#39 deposits to a mandatory custodial scheme run by a government body.

Speaking to the MPs at Westminster ARLA chief executive Adrian said he thinks it is imperative to frame legislation now and not to adopt the government&#39s policy of “wait and see”. The Tenancy Deposit Scheme backed by ARLA has well over 250 member offices already signed up and will be launched on 1st May.


Standard Life reduces critical rates

Standard Life is moving to cut its critical illness rates, with the changes mainly affecting accelerated critical illness cover which see cuts of an average 20 per cent. The changes took effect on February 27, with Standard targeting the mortgage market and younger lives. Accelerated critical illness benefits on its level, mortgage, renewable and convertible […]

NU offers new group PMI product

Norwich Union Healthcare has launched a new “superflexible” group private medical insurance product aimed at schemes for between 10 and 49 employees.The move is an extension to their Solutions product and is described as a modular offering. This means that on top of its core set of benefits, extra benefits can be added and a […]

Chartwell teams up with Pinnacle to offer 4.33 per cent on GIB

Chartwell Investment Management has teamed up with Pinnacle Insurance to offer investors 4.33% p.a. net of basic rate tax on its 3 year guaranteed income bond. This is equivalent to 5.41% gross for basic rate taxpayers and 5.77% gross for higher rate taxpayers. The rate is available for a minimum investment of £10,000 on a […]

IFA chiefs&#39 pay falls by 20% at big companies

The directors of big IFA businesses have seen big cuts in salary and bonuses compared with general brokers, according to a report from IMAS corporate advisers. The annual report compares the fortunes of the top 200 general and life distributors in the UK based on company accounts. Directors of big IFAs with turnover above £10m […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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