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BBN starts group risk division

Berkeley Berry Birch subsidiary Berry Birch & Noble Employee Benefits is setting up a specialist group risk division to offer group medical insurance, income protection, life insurance and related benefits. The service will be rolled out to BBB advisers over the next12 months.

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McCarthy stakes out his territory

Are we beginning to see the first signs of a hard-hitting watchdog which will not do its master&#39s bidding if it does not agree with the command? FSA chairman Callum McCarthy used his first press interview to voice personal concerns over selling stakeholder products without advice. He seems to have set himself up for a […]

Norwich Union pulls long term care bond

Norwich Union has announced it is pulling its Flexible Protection Bond product and leaving the pre-funded long term care bond market. However, it will still offer a pre-funded insurance product.Effective from November 24, NU says there will be no impact on existing customers from the change. Applications for the product received prior to close of […]

Group therapy

Changes in the group pension market in recent years can probably best be described as traumatic. The emergence of stakeholder pensions complete with price caps and the decline of final-salary business have dramatically increased activity in this area. Vast numbers of schemes have changed the type of product and the provider. Commission levels have been […]

Houses prices up by 0.4% in November

House prices rose by 0.4 per cent in November, according to the Hometrack monthly survey. The average house cost £146,500, up from £145,900 in October. The highest house price rises occurred in Cumbria at 1.5 per cent, North London at 1.1 per cent, Hereford and Worcester at 0.9 per cent and mid-Wales at 0.9 per […]

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DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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