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FSCS set to pay back 42m surplus

The FSCS is set to refund a surplus of 42m to relevant firms in the general insurance contribution group before the end of the financial year 2005/6. This is partly a result of lower than anticipated compensation payments in the sector. It is also unlikely to raise a levy in 2006/7.


Heir trigger

Equity release The Institute of Actuaries working party on equity release chairman Ged Hosty says the issue of inheritance tax is particularly important when considering equity-release schemes.

Putting Sipps to work

Recommending a group Sipp after A-Day will require special considerations

Ship wants state scheme statement

Safe Home Income Plan chairman Jon King has challenged the Government to provide greater clarity on its views on the future of the equity-release market. King’s call comes after Money Marketing revealed last week that proposals are being drawn up by consu- mer group Which? to be presented to the Treasury for the establishment of […]

Investment View: Hold firm on Japan wobble

It was just my luck to be in a broadcasting studio immediately after the Japanese stockmarket was forced to close early due to sheer weight of selling orders. It was a first for the world’s second-biggest stockmarket.


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