Stockport-based First Choice Mortgages has appointed Ray Ronan in the newly created role of head of corporate business development. Ronan will be responsible for managing the broker database, sales, marketing and running the packager arm of the business. He hopes to significantly increase business volumes within the next three years. Previously to joining First Choice, Ronan was the managing director of Classic Mortgage Solutions and before that was the business development manager at The Mortgage Business.
Friends Provident has cut bonuses on with-profits policies by up to 16 per cent. A 25-year 100 per month pension policy for a male aged 40 at entry will pay 116,759 compared with 139,281 last year.
Women are having to work longer because they cannot afford to retire, according to research by the Office of National Statistics.
Woolwich Plan Managers has established the 7% bonus bond, a guaranteed equity bond designed to pay 7 per cent income a year over a six-year term.
Do you think responsibility for risk ratings should lie with IFAs rather than with providers?
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
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