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GFS warns on mortgage protection

Guardian Financial Services is calling on IFAs to alert consumers to the potential problems of not having extra mortgage protection.


Only 7 per cent of borrowers have critical illness cover and less than a third have unemployment cover, according to Swiss Re.


Guardian Financial Services risk product manager Paul Cowman says it is a worrying fact that so few borrowers have critical illness cover despite being four times more likely to suffer a critical illness than die before reaching age 65.

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AITC predicting boom for fund managers

Government plans for a life-long individual savings account could herald a boom for UK fund managers, according to the Association Investment Trust Companies.The AITC believes that the new schemes, dubbed the Lisa, could boost UK funds in the same way as US 401k plans, which have a similar design, boosted US mutual funds.AITC technical director […]

PIA works on stakeholder transition paper

The PIA is set to issue a paper providing IFAs with guidelines on transfers to stakeholder. It will also help IFAs advise on pension arrangements in the period before stakeholder pensions are launched.The guidelines could be issued within the next month.PIA press officer Sarah Modlock says: &#34We are working on some guidelines for stakeholder pensions. […]

Barclays launches 4 euro denominated investment funds

Barclays is launching four euro-denominated investment funds for individual investors.The Euro Blue Chip Fund has an annual management fee of 2 per cent and will be benchmarked against the Dow Jones Euro Stoxx 50 Index and the Euro Vale Opportunity Fund will be benchmarked against the DJ Euro Stoxx 326 Index with a 1.5 per […]

Guarantees in the retirement income market

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