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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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]