We learn this week that some 40 per cent of the British public own premium bonds as the concept reaches 50 years of existence, with some 32bn – for want of a better word – invested. Yet as we contemplate what the NS&I press office claims to be one of Britain’s most successful financial products, we can’t help thinking what a pity the 32bn was not invested in pensions. This might be a little more earnest than Ernie but arguably a better use of the money.
What are the tax implications when beneficiaries agree to pay premiums under a trust held for their benefit?
Standard Life is extending commission clawbacks on its investment bond range to cover partial surrenders of over 20 per cent in the first two years of the product. The new clawback structure applies to all capital investment, distribution and with-profits bonds taken out on or after November 1. Standard says the move is a response […]
GMAC chairman Stephen Knight believes lenders that fail to provide instant offers in future will see business wane. Knight predicts that ano-ther three or four lenders will have joined GMAC and Edeus by the end of next year in providing point of sale offers and brokers and packagers will get so used to Posos that […]
Money Marketing likes to think of itself as a law-abiding title but it nearly caused a stir at Heathrow Airport this week after an ill-timed call to PMS managing director John Malone as he was going through security. Malone asked for the mortgage hack to call back later for fear of looking suspicious before going […]
A recent survey of employers, carried out by Jelf Employee Benefits, suggests that many employers intend to utilise the new Fit for Work service in some form as an absence management tool.
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]