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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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]