Update: 37 conditions covered including 14 conditions above the ABI minimum standard, family income benefit version of life insurance with critical illness cover available, reduction in premium if underwriters exclude either cancer or multiple sclerosis from the cover at assessment stage, enhanced guaranteed insurability options, child cover benefit of 25 per cent up to £25,000, terms available up to 40 years for guaranteed cover
Friends Provident has bought Sesame for around £75m and high net worth IFA firm Pantheon for £16.8m plus further payments over the next three years depending on performance.Friends Prov will take on all past liabilities for Sesame as part of the deal which will see it acquire 100 per cent of the firm.Pantheon has around […]
Standard & Poor’s rating on Fidelity’s special sits fund looks likely to drop as Sanjeev Shah is named to replace Anthony Bolton. When Bolton steps aside for Shah in January 2008 the rating is expected to drop from its current AAA rating based on fund management experience. Bolton’s 27 years in the job is being […]
Over 300 staff at UCB Home Loans employees face redundancy after the merger of Nationwide and Portman specialist lending businesses in August.Nationwide plans to retain UCB and The Mortgage Works, acquired in the merger with Portman, as two separate brands but both will be based at TMW’s Bournemouth headquarters.The move, first tipped by Money Marketing […]
Shares in IFA and discount brokerage firm Hargreaves Lansdown have soared by more than 30 per cent as the group made its debut on the London Stock Exchange yesterday.
The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.
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The chair of an FCA working group has apologised to the regulator and the Investment Association for criticising asset managers in a high-profile interview. In an interview with The Times, transparency campaigner Chris Sier, who is chairing the regulator’s disclosure working group, called the investment industry “arrogant and complacent” on fees and referenced the quality […]
Old Mutual Wealth has appointed Jeremy Mugridge as proposition marketing head for its platform. Mugridge previously worked in marketing at Old Mutual Wealth but now joins the business from Aegon where he was working on consultancy projects. In his new role he replaces Tom Hawkins who will lead Old Mutual Wealth’s team of office-based consultants. […]
The Financial Ombudsman Service does not plan on making any changes to the way it is funded in the next financial year. The FOS published a consultation today about its proposed plans and budget for the 2018/19 financial year. The consultation says the organisation is aware it will need a funding model that accounts for […]