Bank of Scotland Offshore has introduced save + invest, which combines an offshore unit-linked bond with a fixed interest savings account. The unit-linked bond element – called the capital investment portfolio – invests in a range of funds managed by Scottish Provident International. Although it is investing for growth, up to 10 per cent may […]
There is much excitement at the Association of British Insurers. The Chancellor, it is reported, has agreed to consider alternatives to boring old annuity contracts on the condition that the new plans continue to guarantee an income for life. This is excellent news for the ABI which has not had much to cheer about in […]
The thorny problem of Equitable's guaranteed annuity liabilities has still to be tackled despite the Halifax deal for the salesforce, admin and fund management. Halifax will pay a further £250m to Equitable if policyholders reach an agreement but it will not be involved in working out a compromise. Equitable will be battling it out alone […]
Over the last few weeks, I have been looking at the concepts of diversification within an investment portfolio, the reduction of risk or volatility arising from this diversification and, most important, the issues of correlation between assets. The nirvana of achieving a mix of investments approaching the efficient frontier has been explained and discussed. Here, […]
By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]