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Commission not to blame for endowment crisis says ABI

Large commissions paid on sales of endowment policies are not to blame for the expected shortfalls faced by homeowners when it comes to repaying their loans says the Financial Times.


The report says that advisers have been warned by the Association of British Insurers that based on current investment returns many low-cost endowment policies will not clear the homeonwners debt.


The ABI says it is the reduction in investment income and growth, not commission on endowments which is the problem.

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Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.

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