View more on these topics

Beale Dobie offers free guide to with-profits

Traded endowment policy market-maker Beale Dobie is offering a free guide which explains how with-profits endowment policies work.

The guide, called Und-erstanding the Mechanics of a With-Profits Endow-ment, helps intermediaries explain with-profits endowments to clients.

It also sets out terms associated with the products. The guide looks at the differences in reversionary and terminal bonuses as well as how they are paid.

Beale Dobie says in the guide that it can pay policyholders on average 15 per cent more if they sell their policy rather than surrender it and claims that around 1,000 people a week lose £1,000-£1,500 because they surrender their policy rather than sell it.

Investment manager Tracey Merritt says: “With-profits endowment policies remain a mystery to many people, sometimes bec-ause different life offices use different terms to des-cribe the same thing. The guide simplifies these statements, as well as exp-lain how bonuses work, so people will be in a better position to understand their annual statements.”


Lamensdorf calls off flotation amid volatile markets

IFA Lamensdorf Group has called off its planned flotation on the alternative investment market, forcing it to renegotiate the group&#39s acquisition of Essential Mortgages.The group was in the advanced stages of its flotation and had planned to list at the end of July until rollercoaster stockmarkets forced the company to postpone the deal until further […]

SG Hambros targets high-net-worth clients

Wealth management group SG Hambros has established a guaranteed offshore bond that is linked to the FTSE 100 and Eurostoxx 50 indices for an 18-month term.With its £50,000 minimum investment, the SG Hambros market recovery deposit is aimed at high-net-worth clients who think the stockmarkets are on the cusp of recovery, but who are reluctant […]

Jupiter withdrawn from sale

Jupiter is no longer up for sale, after German parent Commerzbank said it was impossible to achieve a good price for the UK fund manager in the current market conditions.Commerzbank will pursue a strategy of selling Jupiter products through its distribution networks in Continental Europe. It paid £670m for Jupiter in 1995, but despite buyers […]

Correspondent&#39s week

It is my first day back at Mainland PR after two years at Financial Dynamics and six months travelling the world with my now fiancé. She passed the final test and has been rewarded with the obligatory diamond.I have been back in the UK for a little over three weeks. Two of those were spent […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm