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Editor’s comment of the week: Concerns about restricted comparison service

Online comments realting to article: Moneyfacts launches equity release advice service

So Moneyfacts; that bastion of wholly inclusive impartial research, the ‘no-stone-left-unturned’ scrutiniser of everything and anything looking remotely like a financial product, is to offer a restricted equity release advice service. That’s just four out of the nine Equity Release Council member providers in the marketplace today.

What a strange juxtaposition for a ‘comparison website’. No doubt they will emblazon a large warning across their website to make the visiting public aware of the limitations of their service.

Simon Chalk

Equity Release Planner


PruProtect reveals gender pricing plans

PruProtect will switch to gender neutral pricing on 21 December for all products except its whole-of-life plan, Money Marketing can reveal. The provider’s whole-of-life plan will switch to gender neutral rates on 3 November. PruProtect says there is a greater risk of underwriting uncertainty for this product because the sums assured are generally greater and […]


Standard Life’s John Lawson to join Aviva

Standard Life head of pensions policy John Lawson is leaving the provider after over 10 years to join rival Aviva. Lawson (pictured) will join Aviva in January 2013 as head of corporate benefits policy. He will report to managing director of corporate benefits Graham Boffey. Boffey says: “As head of policy, John will use his […]


High Court rules against FSCS in landmark advice case

The High Court has made a landmark ruling against the Financial Services Compensation Scheme which could have wide implications for the way the FSCS assesses compensation claims for poor investment advice. The Telegraph reports the FSCS awarded Charmaine Emptage over £11,500 in compensation after negligent mortgage and investment advice saw her lose up to £70,000. […]


Warning over ‘unprecedented’ auto-enrol misselling into old schemes

The pensions industry will face an “unprecedented” misselling scandal unless high charges on old schemes are abolished, the Pensions Institute warns. Providers have come under pressure from pension experts and politicians over the impact high charges will have on peoples’ retirement savings ahead of automatic enrolment. The Association of British Insurers has argued that new […]

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


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