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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Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]
The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]
AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]