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PRA confirms 100% annuity compensation

People in receipt of annuities will receive 100 per cent compensation if their provider goes bust, the Prudential Regulation Authority has confirmed. Following a consultation the PRA says it plans to increase the long-term insurance – including annuities, pensions and life assurance – FSCS compensation limits to 100 per cent, up from 90 per cent. […]

holweger

Mark Holweger: Using health awareness days to boost CI engagement

My calendar includes a number of critical illness awareness campaigns at the moment. March was focused on prostate cancer awareness, while this month is bowel cancer awareness month. You may recall that Monday was World Health Day. These consumer campaigns are certainly welcome, as they raise the level of discussion around these conditions and hopefully […]

BoE
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BoE holds base rate at 0.5% for 73rd month

The Bank of England has voted to maintain its base rate, marking 73 consecutive months at 0.5 per cent. In a statement this morning, the Bank confirmed that its Monetary Policy Committee had voted in favour of maintaining rates, despite speculation that an increase may be imminent. The Bank’s base rate has sat at 0.5 […]

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Dennis Hall: Finding a middle ground with clients

I cannot remember how long it took me to switch from actively managed funds to passive ones. Nor do I recall the time it took to incorporate lifetime cash flow modelling and then lifestyle financial planning. It could have been months, if not years, and I still have situations where my beliefs are challenged. I […]

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