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Commission doubled on Unum group protection

Unum is doubling IFA commission on group income protection schemes to enc-

ourage more intermediaries into the market.

Commission on its group IP schemes will be increased to 24 per cent from

12 per cent until the end of the year.

Unum&#39s “market expansion bonus” is available on new business to employers

protecting between 20 and 200 lives who have not had income protection

cover in the last five years.

Unum is also running a series of national roadshows this month aimed at

providing advisers with the knowledge needed to tap into the market, which

Unum says is grossly under-penetrated at only 11 per cent.

Director of marketing Eugene McCormack says Unum is looking at ways for

IFAs to highlight the issue of the disability of staff to employees,

opening a market which can offer a new income stream.


M&E setting up loans network to train IFAs

M&E Network is setting up a mortgage network to help advisers meet lenderstandards under the new regulatory regime.Independent Mortgage Advice hopes to sign up 1,000 intermediaries by theend of the first year in addition to the 1,000 IFAs which are already M&Eand Interdependence members.The network will provide the compliance training lenders are likely todemand from […]

Ill-gotten gains

At age 54, I have accumulated over £290,000 in various pension funds.My plan is to take early retirement and poss-ibly continue with someconsultancy work. I quite like the thought of taking tax-free cash now butwill need only a modest level of inc-ome in the short term.I take an active interest in investments and most of […]

FSA calling on employers to push pension

Employers will have to take an active part in promoting stakeholderpensions if they are to be successful, claims the FSA.But the pension industry is warning that some employers will be wary ofinvolvement, fearing they may be left to shoulder the blame of anymisselling or misbuying scandal.As a result, providers expect many employers to seek advice […]

Is stakeholder a new breakthrough?

Anyone who has sat through Steve Bee&#39s marvellously witty but eruditeconversations about pensions cannot fail to have spotted that this is anarea where no idea quite works out as originally intended.They may start with every intention of opening up the market in a new andexciting way to reach the unpensioned and offer new opportunities foreasier […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


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