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Bureau calls for standard annuity application form

A standardised annuity application form would speed up processes and improve inc-omes for pensioners, according to the Annuity Bureau.

It says advisers should be able to easily set up an annuity for their clients with two or three months notice but the variation of process by different providers is causing delays.

Managing director Andy Oliver says “It is a case of having to decide whether it is better to let your client take a lesser annuity rate or to advise them to start the application process all over again. What we need is an industry-wide agreement where there is one standard form for every annuity application processed.”


Carby heads new Tenet IFA venture

The Tenet Group launched a new IFA this week called Foster Denovo and headed by exec- utive chairman Keith Carby. Foster Denovo – foster mea-ning to nurture and de novo meaning new and better – will transfer Capital Planning adv-isers producing more than 100,000 a year. The firm intends to grow organically and says it […]

BM Solutions launches additional borrowing online

BM Solutions has launched its online application process for additional borrowing. This forms part of the One Minute Mortgage online application service.Once brokers have keyed in their applications, a decision letter will be despatched within 48 hours. This will be further enhanced in the near future with the launch of online decisioning. Head of sales […]

Delay reaction

Nicola York discovers the industry’s reaction to Axa’s call for a year’s delay to the Sipp extensions

Silencing the prophets

It seems improbable that it is now a year since the FSA took over responsibility for regulation of mortgage selling.

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


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