Eurolife Assurance Group, which went into administration in August, has confirmed it has put subsidiary Nvesta up for sale. Nvesta has around £120m held in structured products on its book.
Kensington has launched automated valuations and electronic identification as part of its K-net e-com- merce platform. AVMs and e-IDs are free to brokers but packagers are only entitled to free AVMs.
Defaqto has revealed that private medical insurance following the PruHealth approach can result in premiums up to 44 per cent cheaper than the competition. The research company says when it compared the first year premiums of five key PMI providers – PruHealth, Axa PPP, Norwich Union, Bupa and Standard Life – first year premiums can […]
Last week saw the launch of the Government’s new open market HomeBuy scheme. The fact that little in-depth press comment was seen in the nationals is possibly a reflection of scepticism in the market about the scheme.
Swiss Re is calling on the Association of British Insurers to scrap two of the cancer conditions covered under its new critical-illness definitions so consumers cannot claim for them, Money Marketing understands. The reinsurer is believed to have told the ABI that it wants the cancers to be taken out of the conditions covered before […]
Jelf’s Annual Health & Wellbeing event is here again, and once more we will be providing practical help to employers seeking to manage their employee healthcare commitments.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]