IFA Group 300 has completed a multi million pound deal with the ninth biggest union in the UK – the Graphical Paper and Media Union that has 200,000 members. The IFA group is in talks to provide similar advisory services to several other unions including Teacher organisations.
The FSA is issuing a consultation paper on with-profits that could see new restrictions on market value adjustments and target payout ranges for maturity and surrender values. The proposals, put forward by head of insurance firms division David Strachan this week, call for MVAs only to be applied when they are needed to protect the […]
Paul Turner is to join the CII in January to develop a new exam framework. He will focus on driving through the CII's review of its financial planning examinations and qualifications. Turner has been seconded from the FSA to the Financial Services Skills Council where he had responsibility for delivering the new exams. He has […]
As a nation, we are not investing enough to provide decent pensions. The reasons for the pension gap are lack of affordability, a collapse in consumer confidence following frightening stockmarket volatility and a litany of scandals which have left a legacy of mistrust in the insurance industry. With its new-found social conscience, the ABI has […]
Prudential UK has appointed David Tildesley, who joins from AMP as the new sales director of its business to business channel.
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
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There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]
Thirty-six months is a short time in pensions. Before April 2015, few could have predicted that compulsory annuitisation would come to an end and the door to full withdrawals would be swung open. As the pension freedoms reach their third birthday, it is worth weighing up the evidence to date. Let’s start with the good […]