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
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]