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Providers urge Govt to reverse annuity buy-back ban

Insurers are calling on the Government to reverse its decision to ban them from bidding to buy back their own annuities. They say people selling their annuities will lose out unless the Government U-turns on its plan. In th Budget Chancellor George Osborne launched a consultation on creating a secondary annuity market to allow pensioners […]

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LifeSearch renews contract with MoneySupermarket

LifeSearch has renewed its contract with MoneySupermarket.com to provide protection advice to customers of the comparison site. The specialist protection intermediary has had an agreement with MoneySupermarket.com since January 2013. It declined to say how long the new contract is for. LifeSearch chief executive Tom Baigrie says: “We are delighted that our partnership with MoneySupermarket is […]

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How ready are Sipp providers for imminent cap ad hike?

At least three leading Sipp providers would fail to meet the new capital adequacy requirements if they took effect today. Attivo, LV= and Rowanmoor would all meet less than 100 per cent of the capital requirements under the controversial rules, which are due to come into force in September 2016. Under the new rules, providers will be required […]

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Is Steve Webb under threat from Lib Dem polling crash?

Pensions minister Steve Webb may face an uphill battle to retain his seat in the Liberal Democrat stronghold of Thornbury & Yate after a Comres poll predicted support for the party in the South West is set to collapse. Webb was elected in 2010 with a majority of 14.8 per cent, and polls conducted by […]

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