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Bright Grey £9.3m new business in six months

Bright Grey, the Edinburgh based protection provider has announced it has written £9.3m in new business according to its half-year new business results, more than double the new business written in 2003.

Its underwriting has expanded from 4 underwriters to 32 since the company&#39s inception in March 2003 and employee numbers have more than doubled to around 300 people.

Bright Grey&#39s chief executive David Robinson says he is happy with the achievement but still believes the provider has a long way to go to realise its full potential.


Only 30% of public know about the FSA

Less than a third of consumers are aware of the existence of the FSA, according to a report by BMRB International. The awareness figure is higher among people who own products which are subject to FSA conduct of business rules, with half of people with personal pensions or free-standing AVCs and 61 per cent of […]

ABI looking at food sector for labelling hints

The ABI is looking at developing the idea of traffic-light labelling on products to help consumers understand financial risks and is in talks with other sectors about their approaches. Raising Standards director Martin Shaw is to meet with the Food Standards Agency to look at how it explains complex information to their customers. The food […]

GE aims to draw retirement crowd

GE Life&#39s phased drawdown is designed for people who need income but not a lump sum and who want to defer annuity purchase. The firm thinks it will have particular appeal to people who are making the transition from part-time employment to full-time retirement. It will also be of use to people who want superior […]

Does the FSA believe that software-driven advice is perfect?

The FSA is suggesting that perfect advice is software-driven rather than faceto face through an IFA. Buried in the back of a companion document to the stakeholder sales process consultation paper CP04/11, the FSA says it has identified the benchmark for perfect advice by configuring a web-based financial planning tool. IFAs are in uproar at […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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