The Exchange has signed up a fifth provider, Norwich Union, to its online policy valuation service which is available through back-office package Exweb Gold.Advisers will be able to access real-time aggregated policy valuations for pensions and bonds via Exweb Gold, which links into the Exchange’s Exweb research, quote and transaction portal. Norwich Union joins Legal & General, Friends Provident, Prudential and Standard Life, which are already on the service. The Exchange expects to add Scottish Widows, Axa, Scottish Equitable and Skandia this year. The Exchange managing director David Child says: “Further providers are due to join the service and as this number grows, so do the efficiency and cost-saving benefits that Exweb Gold can deliver.”
Shareholder Charles Clark has failed to replace the directors of Murray VCTs 1 to 3 after a three-month campaign backed by Aberdeen. Clark gained 22 per cent of votes at an EGM held by Murray VCT 2 on Monday to remove the four existing directors and replace them with his proposed directors, and 28 per […]
New Star Asset Manage- ment has promoted UK growth fund manager Stephen Whittaker to the role of joint chief investment officer, serving alongside Alan Miller. Whittaker will continue to manage the UK growth fund, which he took over from Miller in July 2002.
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Will remortgaging develop in the same way as the booming residential remortgaging market?
Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]