Wednesday, March 6, 2002Type: Accident, sickness and unemployment insuranceMaximum benefit: £1,500 or 65% of monthly salary, whichever islowerBenefit payment term: Choice of 12 or 24 monthsDeferred period: Choice of 30 or 60 daysPremium: £3 per £100 for unemployment cover, £4.75 per£100 for accident, sickness and unemployment coverCommission: Initial 25%, renewal 25%Tel: 01273 477784
The life office role of appoin-ted actuary could soon be scrapped as part of proposals in the FSA's review into with-profits.In the FSA's fifth and final paper on with profits, it proposes appointing policyholders to life office boards and creating a with-profits fund committee.The paper, entitled Gov-ernance of With-Profits Funds and the Future Role of […]
Scottish Mutual is slashing its with-profits bonuses by up to 18 per cent for pension and life policies.The annual bonus rate on unitised with-profits pensions fell by 1 per cent last year to 4.5 per cent and on life policies, it fell to 4 per cent from 4.75 per cent in 2001.ScotMut says continuing poor […]
Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]