View more on these topics

Halifax pledges not to do a Paymentshield

Halifax General Insurance has pledged to continue the payment of trail commissions on its home insurance or accident, sickness and unemployment insurance policies.

It follows the decision of HBOS’ former subsidiary Paymentshield, which was sold to Towergate at the end of last year, to stop paying trail commissions to brokers that are no longer regulated to sell such cover by the Financial Services Authority.

Halifax GI head of mortgage intermediaries Jon Craven says: “We believe that paying trail commission helps brokers by supporting the long term growth of their business.

“Brokers can be rest assured that once a policy is accepted, commission will be paid until the policy cancels, even if their regulatory status changes.”

Recommended

IFA sues Sesame over indemnity clause

A former DBS member is taking Sesame to court over an indemnity clause in his contract.Richard Stock is suing Sesame for debiting 1,600 from his account to compensate for an alleged endowment missale.Sesame is defending its stance and citing clause 9.1 in its contract which says “in the event that [DBS] suffers or pays any […]

Aviva chief to retire

Aviva has announced that group chief executive Richard Harvey will be retiring on July 11 2007.Aviva’s group finance director Andrew Moss will be taking over the role while Aviva International executive director Philip Scott will become group finance director.Harvey led the demutualisation of Norwich Union in 1997 and then, in 2000, led the merger of […]

Advisers hail the third coming of Mott

Bill Motts’ dramatic decision to come out of retirement and return to day-to-day fund management is like the third coming according to Hargreaves Lansdown head of research Mark Dampier.Dampier says that Mott, who is joining forces with former managing director at Credit Suisse Ian Chimes, has almost legendary status among intermediaries and his return is […]

Eton rifles

How the Special Commissioners used a man’s lifestyle as ammunition in determining his domicile and residence status.

Retirement - thumbnail

(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment