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Commercial lending deal from Lighthouse

Lighthouse has set up a commercial lending service which will enable its advisers to source loans for clients from a panel of lenders. Advisers which are not members of NACFB can write business through a referral arrangement with The Commercial Mortgage Desk.

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Pension scheme conversion costs could total 4bn

The Government’s controversial proposals to convert contract schemes to trust-based schemes could cost 4bn, according to industry estimates.A recent meeting between pensions minister James Purnell and the ABI discussed the threat to existing schemes posed by the European distance marketing directive which stops contract-based schemes from auto-enrolling employees, a key requirement for schemes wanting to […]

L&G appoints offshore chief executive

Legal & General International has appointed David Fagan as chief executive officer in Dublin and will be launching two offshore products later this year.Fagan joins from the Irish Life and Permanent Group, where he has worked for the past 25 years and has been chief executive of its cross-border Life Company, Irish Life International between […]

MPs call on Government to go further with the FAS

The public administration select committee has called on the Government to extend its help for victims of occupational scheme collapses to those schemes wound up by solvent employers.The PASC report, Pensions Bill: Government undertakings relating to the Financial Assistance Scheme, states the Government’s proposal to ask the team reviewing the FAS to look into solvent […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]

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