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CIS announces 24 per cent jump in new business

CIS new life, pensions and unit trust business rose 24 per cent for the first nine months compared to the same period last year.

And equivalent premium incomes increased to £226 million from £182 million last year.

Since launch, CIS has opened more than 100,000 new Isa accounts and 70,000 regular payment trusts, and sales of protection policies have risen by more than 100 per cent.

CIS general manager Martin Clarke says: “Our broad spread of investment and protection products, shortly to include a critical illness policy, is strengthening our customer appeal.”


Ssas may fall foul of law

Mazars Neville Russell has highlighted a loophole which could lead to executive pension scheme trustees unwittingly falling foul of the law.The consultancy points out there is an opt-out clause which exempts some small-self administered schemes from appointing auditors and producing audited financial statements within a set time.But the Occupational Pensions Regulatory Authority says the exemption […]

L&G launches tracker based pension

Legal & General is launching a new tracker-based Ethical Pension Fund using a &#39filtered&#39 version of the FTSE 350 Index.The filter excludes those companies failing to meet ethical criteria established by the company&#39s extensive research of existing ethical and conventional investors.L&G is also launching four other new funds, the European Equity Index, US Equity Index, […]

Commission not to blame for endowment crisis says ABI

Large commissions paid on sales of endowment policies are not to blame for the expected shortfalls faced by homeowners when it comes to repaying their loans says the Financial Times.The report says that advisers have been warned by the Association of British Insurers that based on current investment returns many low-cost endowment policies will not […]

BoS pledges to continue fight for NatWest

Bank of Scotland has pledged to continue its fight for NatWest even if Royal Bank of Scotland tops its £22bn bid.The pledge follows a rebuke by the Takeover Panel for BoS&#39s attempts to force RBS to clarify whether it intends to bid. The Panel turned down BoS&#39s request that it make RBS declare its intentions […]

Singapore cover image - thumbnail

White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


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