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Broker Talkback

Have you got pipeline pension term assurance that you are concerned about following the pre-Budget report changes?

No “We have pipeline business but we are not concerned about it. We just have to get on and do what we are allowed to do. How can you get rid of something that has only been in for eight months? It is a disgrace.”

Raymond Tape, Brian J Hyman Life & Pensions

Yes “We have got a number of clients with existing applications. I am surprised that insurers have moved so quickly to not deal with this business and wonder what would happen if these clients died over the weekend. Tax relief on pension term assurance did seem too good to be true.”

Julie Hedge, Christie Scott’s

No “It is a very disappointing move but luckily I do not have any clients with pipeline business for pension term assurance as everything had gone through already.”

John Henly, John Henly & Associates

Yes “I have one piece I am trying to find out more information on for a client. I am very unhappy at yet another U-turn.”

David Thompson, David Thompson IFA

Yes “I have three cases in the pipeline. The insurance comp- anies have been very good at saying they cannot write it and informing us what to do. They need us to apply on another application form which is a pain as it is so near to Christmas.”

Terry Hamilton, Regent Financial Associates LLP

Yes “I do not have any pipeline business but I am very concerned. This move is just more tinkering for very little effect.”

Marel Sandidge, Marel Sandidge Associates

No “Thankfully, I had got all mine completed before the pre-Budget. I have to admit the majority of my term business tends to be whole of life anyway but I have written a few PTA policies.”

Peter Manduell & Co Financial Services director Peter ManduellMoney Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.


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