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.
Winterthur Life’s chief executive believes depolarisation will actually polarise the industry further and has positioned the life office to take advantage of a growing interest in independent advice from highnet-worth individuals.
The financial services and markets tribunal has upheld the FSA’s decision not to authorise three individuals and their firm to sell life insurance.
The FSA is cracking down on unauthorised brokers who arrange and advise on mortgages illegally.
The Professional Mortgage Packagers’ Alliance is appealing to the FSA to pump some of the 2m in surplus funds left with the MCCB back into the mortgage industry.
Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]
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Simplybiz says adding another partner will gives its members more choice and spread the workload among providers
Investors are shunning US equities as turmoil within President Trump’s administration continues, with sentiment towards the asset class dropping from 0.85 per cent to -2.54 per cent in the month to August. US equities fared almost as badly year on year, with the second biggest drop in sentiment of 13.06 percentage points, the Lloyds Private […]
Nottingham Building Society is offering free financial advice to members as part of an extension of its reward scheme. The building society is promoting the free, face-to-face financial planning as part of a member reward scheme that will also to deliver cash back payments to select members and other benefits to more than 100,000 of […]