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? […]
The Upper Tribunal has found that Andrew Tinney, the former chief operating officer of Barclays Wealth, breached his obligation as an approved person to act with integrity. The update published on the FCA’s website today explains the reasons for the publication of the ruling. In March 2012, Tinney received a document which contained critical findings […]
‘Scheme pays’ can take the sting out of annual allowance tax charges, but scheme members must move quickly to take advantage With more than five months to go, the self-assessment deadline feels like a lifetime away. But for clients facing an annual allowance tax charge for the 2018/19 tax year on their pension savings, the […]
The Financial Conduct Authority has announced six Q&A roundtable sessions to be hosted across the UK. The regulatory body will be going to Glasgow, Newcastle, Birmingham, London, Manchester and Newport. Each event, titled “ask the regulator”, will be 90 minutes long and will feature FCA and industry representatives. According to the FCA, the sessions are […]