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Guaranteed debate

This week, Money Marketing reveals Aegon is to cut guarantees on its Income for Life products for new business. This follows price hikes and equity exposure cuts by MetLife and equity exposure cuts from The Hartford.

The economic downturn has asked difficult questions of providers offering guaranteed products. Extreme market volatility has hugely increased the costs of the guarantees and made such changes inevitable.

These moves are prudent and required to protect current policyholders. But they will not stop the healthy debate about the costs and benefits of such products to clients.


Indiana Darling and Temple of Boom

Chancellor Alistair Darling was told by MPs last week that he must he become more “Indiana Jones” in leading the country out of the financial crisis.Giving evidence before the Treasury select committee, Darling was challenged over the Government’s handling of the economic turmoil. Labour MP for Newcastle Central Jim Cousins said to Darling: “If you […]

Cameron moves to end IHT confusion

Conservative leader David Cameron has been forced to insist that his pledge to increase the inheritance tax threshold stands firm after suggestions that the Tories had done a U-turn.


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