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‘Gay couples need advice’

Gay couples should seek financial and legal advice before entering a same-sex marriage, says Clerical Medical.

Once the Civil Partnerships Act comes into effect in December, giving legal recognition of gay relationships, the insurer advises couples to consider will planning, inheritance tax, capital gains tax, transfers of assets, tax planning for life and business purposes and pensions.

Of particular consideration are the ramifications of separation when assets have to be divided, maintenance has to be allocated to a former partner and pension sharing may have to be considered.

Senior tax and financial planning adviser Neil Edwards says: “The new legislation has huge implications for the rights of same-sex couples. It is important that those who are considering entering into civil partnerships find out more about how the changes will affect them.”

Compass Independent Financial Advisers director Chris Morgan says: “There are tremendous opportunities for companies to add profitability to their top line if they access the gay community. It is time for providers to look at building a brand in the community.”


Reynolds to head up BM Solutions sales team

Martin Reynolds has taken the position of head of sales, with immediate effect replacing Alan Cleary who has received an internal promotion. Within his role Reynolds will lead the BM Solutions sales team and manage BM Solutions’ relationships with its key accounts. BM Solutions director Tim Hague says: “Combining sales with Martin’s key account responsibilities […]

Aegon recovers in Q2

Aegon’s life and pension sales bounced back strongly in the second quarter of 2005. Sales in Q1 took a hit as the impact of commission cuts on certain pension product lines took effect but Q2 sales were 22 per cent higher than in the same period of 2004. UK earnings rose by 40 per cent […]

Framlington set for fund merger

Framlington is to merge its 18m New Leaders and 30m managed portfolio funds into its 49m managed growth fund under chief investment officer Jeremy Lodwick. The New Leaders fund was launched five years ago to invest in the new world economy by investing in seven business sectors – healthcare, leisure, financial services, internet, technology, media […]


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