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Bright Grey extends life and CI terms

Bright Grey is to extend the maximum term of its life and critical-illness cover from 25 years up to 40 years in response to demands from advisers wanting longer-term protection for their clients. The changes will take place at the end of October and reviewable rate life or critical-illness cover will increase to a maximum 40-year term while guaranteed rate life or critical-illness cover will increase to 30 years.

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Change of style

My annual pilgrimage to the West Country was a somewhat muted event on this occasion. True, it was as enjoyable as usual. The weather was kind(ish) and the turnout for the seminar at the splendidly sited Carlyon Bay hotel, if a little down on previous years, included a top line-up of local advisers. But I had to come clean, you see. It is possible that 2006 would be the last year in which I endeavoured to give the good folk of Devon and Cornwall the City’s view on what was likely to happen to markets.

Tory commission proposes £21bn cut in taxes

The Tory Tax Reform Commission is recommending a £21bn cut in taxes, including scrapping IHT on primary residen-ces and slashing corporation tax levels. Head of the commission Lord Forsyth told an audience at KPMG’s headquarters last week that the proposals are realistic and set in place ref-orms that would result in a “simpler, lower, flatter, […]

Newton down to earth

Bless Newton and their efforts. With what can only be described as marketing genius, the fund manager sent out polystyrene model aeroplanes boasting “Income funds with less drag” across the body. The irony comes, of course, when the plane is launched into flight – or rather, a sudden drop, as the plane possesses absolutely no […]

Best Advice Mortgage Network gets FSA fine

The Financial Services Authority has fined Best Advice Mortgage Network £7,000 for poor record keeping. The regulator says the firm did not “record and retain sufficient personal and financial information about customers before recommending a mortgage contract between June 2005 and June 2006”. The FSA says it failed to inform customers that had made a […]

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