Legal & General is writing more equity release business than individual annuities after lifetime mortgage sales reached over £200m in the first half of the year. In an update published this morning, the insurer says new business sales in its retirement division covering lifetime mortgages, individual annuities and bulk annuities hit £4bn in total between […]
Old Mutual Wealth has moved to cap pension exit penalties ahead of the FCA’s March 2017 deadline. In May the regulator announced providers would have to cap exit penalties on pension policies at 1 per cent for customers attempting to use the pension freedoms. As recently as March the provider said it would apply a […]
Standard Life-owned consolidator 1825 has acquired Crewe-based advice firm Jones Sheridan for an undisclosed sum. Following the deal 1825 will establish a North West regional office with 30 employees including seven advisers and four paraplanners. Jones Sheridan managing director David Williams and chairman Stuart Banks will stay on, with Williams joining 1825’s executive committee. After […]
Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?
Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]
Balance: Wealth Planning managing director on setting up a new firm and being fed up with inadequate systems Advisers are waking up to the fact that younger people are the clients of the future, and Balance: Wealth Planning managing director Rebecca Aldridge is no exception. She is weeks away from launching a second company that will […]
Two professional bodies have joined forces to co-brand and promote an Islamic finance qualification. The Chartered Institute for Securities & Investment’s Islamic Finance Qualification was launched in 2007 and has now got backing from the Association of Chartered Certified Accountants. CISI and ACCA signed a memorandum of agreement regarding their collaboration on the Level 3 […]