Bupa Individual Protection will be looking at an early December launch of its protection proposition with online capabilities to 26 soft partners. A full launch follows in the first week of January. Phase one will concentrate on critical illness and life while phase two will introduce the expert underwriting system with further protection products.
Allianz Global Investors is planning to launch a UK version of its German emerging markets Bric fund. The German version invests in Brazil, Russia, India and China and has raised 57m since launch this year.
The appointment of President Bush’s top economic adviser Ben Bernanke to succeed Alan Greenspan as US federal reserve chairman has sparked a mixed response from the investment community. As bond markets in the US weakened and equities strengthened on the announcement, Baring Asset Management warned that Bernanke’s reign could bring further volatility to US inflation. […]
Aifa chairman John Gummer is to take Ivan Massow’s plight to the FSA, claiming that the case exposes fundamental flaws in a claim process that ignores a historic understanding of cases. The Conservative MP for Suffolk Coastal considers that Massow’s situation highlights the “thoroughly reprehensible” way that life offices treated gay men in the early […]
Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. This has presented risks to both individuals and their advisers. In this article the risks are explained – and, importantly, strategies are presented that could help mitigate them. Read this article
An Essex man has been jailed for eight years after mis-selling carbon credits to 130 victims in 2012 and 2013 and using the funds to purchase luxury items for himself. City of London Police took on the case from Essex Police, sentencing Sami Raja of Grays, Essex in Southwark Crown Court on Friday. Raja was […]
People need to take care to protect their pension pots from potential investment scammers and negligent trustees, the Insolvency Service has warned. In a statement today, the IS says the ban against cold-calling should not mean investors relax their views on scammers. Consumer minister Kelly Tolhurst says: “If you think you might have been a […]
There are many tax-efficient benefits to holding funds in a private company whose shareholders are family members The 2018 autumn Budget confirmed the scheduled reduction of the main rate of corporation tax to 17 per cent from April 2020. Good news for corporates – although, even at its current level of 19 per cent, the […]