With redundancy rates rising thanks to Lehman Brothers, Bradford & Bingley, Lloyds/HBOS et al, questions are being asked of those providers offering protection against unemployment. Are they offering enough advice on the product? How well positioned are insurance firms to deal with the imminent influx of redundancies? And will providers start cherrypicking a client base, swerving to avoid those working in the financial sector?
Iceland’s trade unions are being urged to repatriate foreign assets to shore up extra funding for the country’s financial system.Pension funds are being asked to repatriate foreign assets as the Central Bank looks to strengthen foreign exchange reserves.Last week, the Icelandic government nationalised the country’s third largest bank, Glitnir, sending the local Krona currency into […]
In a recent study, my organisation identified that the potential market capitalisation of advisers in the retirement market over the next 10 years could be as much as £7.5bn. Given this is many times the entire market capitalisation of the quoted UK IFA sector, it is fair to say this area represents the largest single opportunity for the adviser community today.
St James’s Place has hired Claire Blackwell as director of marketing from Newton Investment Management. Blackwell says: “We have a responsibility to continue to develop ourselves and our proposition in the interests of better financial outcomes for clients.” SJP shuns new CII exam in favour of in-house programmes She has held a variety of positions across the […]
Something drastic needs to be done to make the protection landscape fit for today’s world Like most journalists, when I first began writing for Money Marketing years ago, I needed to be schooled in the ways of financial services. In my case, this role was carried out by a small coterie of energetic financial advisers […]
Industry needs new ways of increasing confidence, with high payout rates falling on deaf ears Paying claims is at the heart of the protection industry but the positive picture painted by high payout rates doesn’t appear to be getting through to consumers. Most providers publish their claims data each year, highlighting the fact the number […]