General insurance network Central Electronic Tracking Agency has been appointed by six mortgage networks to provide a range of general insurance products to their members. The networks are First Mortgage Options, Genesis, Guaranteed Home Loans Network Services, Mortgage 2000, Optima and PMH Alliance.
I understand that it is possible to pay a contribution into a stakeholder pension plan and then immediately take the benefits. I am aged 66. As a woman, I thought that the low annuity rates available to females would not make this particularly attractive but what do you think? You are correct that it is […]
Right now it is hard to know if the reception given to Andrew Smith's Pensions Bill by the industry is justified. There is a widespread view that something more will have to be done to reform state pensions and the issue of compulsory private pensions will not go away just because Adair Turner has been […]
Barclays 600 IFAs have been told by their bosses they do not have to hang an “I” above their doors to provide good advice. Some of the bank's advisers believe they are being softened up for a move to multi-ties after depolarisation. The RIs were given the message by Barclays financial planning managing director Phil […]
Legal & General's mortgage club members completed over £16bn of mortgages in 2003, up 24 per cent from 2002. It says that part of its success is down to the volume of exclusive deals it negotiates with lenders on its panel, which accounted for almost £3.5bn of the mortgages completed last year.
Fiona Tait takes a closer look at the Department for Work & Pensions’ forthcoming review of automatic enrolment In December, pensions minister Richard Harrington announced the scope of the DWP’s forthcoming review of automatic enrolment (AE). The review will look at AE coverage, as well as the current thresholds and age criteria. In other words: […]
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]