National Savings & Investments’ brochures for premium bonds and savings products will be available in 50 Tesco stores from today.The pilot stores cover England, Scotland and Wales and will be rolled out across the retail giant’s 450 nationwide stores if the scheme takes off.Brochures available include premium bonds information and information on NS&I capital protected […]
An Essex-based IFA whose client suffered a heart attack two days after being put on risk has praised Axa Sun Life for paying out on his critical-illness claim. The client and his wife, who previously only had life cover, came to Chadborn Baker & Kearle mortgage adviser Peter Wright for remortgage advice. He recommended a […]
People should think very carefully before using retirement income to invest in the residential property buy-to-let market after A-Day, according to the Actuarial Profession. It says that although it may appear an attractive option, there are a number of reasons why this route would be unsuitable for many investments. The AP says the initial outlay […]
Scottish Widows Investment Partnership has poached fund manager Alix Stewart from Gartmore to run its corporate bond plus portfolio. Stewart ran Gartmores corporate bond fund in which time it delivered top quartile returns and was A-rated by Standard & Poors.
By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT). To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]