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Call for ring-fencing of existing funds

Scottish Widows has backed the protection offered to existing good pension provision in the White Paper. It calls for assurance that pension arrangements sold now, for which initial costs will not be fully recovered for several years, will be ring-fenced from early transfer into personal accounts.

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Insurers bidding to save PTA

The ABI is lobbying the Government to change its mind on withdrawing tax relief from pension term assurance.The ABI says it will put industry concerns to the Treasury when it meets with it before Christmas.ABI spokesman Jonathan French says: “We will be arguing that the changes will be a bad thing for consumers and will […]

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Mform appoints new non-exec director

mform has appointed former Filofax chief executive Robin Field as a non-executive director. The Edinburgh-based mortgage company has been set up by a team of experts from the financial services market and received investment from a number of funds managed by leading UK fund manager Artemis. Field is currently chairman of Artemis Aim VCT and […]

Wide of mark

“Everybody thinks that their wife is the prettiest” was a famous remark once made by Arsene Wenger. And it is an expression which best encapsulates the state of the intermediary mortgage industry within which some intermediaries continue to wage PR wars

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