The Chartered Insurance Institute is re-launching an enhanced learning package on payment protection insurance in light of recent investigations from the FSA.The new package will provide an online assessment of knowledge of the product and will be available from early 2006.The FSA was predominantly concerned with the poor disclosure of product and price details, failure […]
PIMA believes the Turner Commission Report will allow consumers more choice in their retirement income options but would like to see a workplace Isa as part of plans to encourage workplace saving through auto-enrolment.
A National Pension Savings Scheme could kill off more than half the business flows of leading providers, including Scottish Equitable, Friends Provident and Norwich Union. Experts warn that employers will need to offer a scheme of equivalent value to the proposed NPSS in order to be able to opt out, which could choke group personal […]
By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]
A quarter of investors in the UK are unsure of how to liquidate the investments they hold, figure show. Property investment company Experience Invest found 32 per cent of respondents to a survey said they have tried to exit an investment, but ultimately did not after learning they would incur unexpected fees for doing so. […]
Platform technology firm FNZ has today completed the acquisition of German investment platform company, ebase. Edinburgh-headquartered FNZ has purchased ebase (the European Bank for Financial Services) from German bank Comdirect Bank for €154m (£139m). The sale was first agreed to last year, and has since received regulatory approval. FNZ Group said that under its ownership, […]
Nine of the 11 firms declared in default by the Financial Services Compensation Scheme this month are wealth management or advice firms, latest figures show. The newest firms to make the lifeboat fund’s list bring the total number declared in default since mid-May to 26. The FSCS putting a firm into default means the lifeboat […]