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HMRC relents on reinsurers’ tax relief

HM Revenue & Customs is expected to redraft pre-Budget report proposals to remove tax relief on reinsurance following consultation with the Association of British Insurers and member firms. Experts predict the new rules will still add 3 per cent to premiums.

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Lifesearch link lifts Asda sales

Asda has seen protection sales increase by more than half year on year after teaming up with Lifesearch in January to offer whole-of-market advice to its customers.The supermarket says 20 per cent of customers buy products such as income protection or critical-illness cover, in addition to life cover, since it has been offering advice. Sales […]

Helm appoints new finance and operations director

Helm Godfrey has appointed Linda Clark to the position of finance and operations director in a bid to accelerate the growth of the business. In the newly-created board position will work closely with the other members of the senior management team to continue implementing its growth plans. Clark was formerly chief executive of Fresh Finance, […]

Axa names its wrap platform Elevate and reveals pricing structure

Axa’s wrap is launching to market under the brand name Elevate through a new business unit to be called Axa Distribution Services.Elevate will be piloted with a group of intermediaries throughout December before launching fully to market next year. The wrap will offer both bundled and unbundled pricing structure, allowing advisers to operate different advice […]

Darling calls for banks to be more transparent over risks

Chancellor Alistair Darling called yesterday for banks to be more transparent about the risks they are taking.Talking on Radio 4’s Today programme Darling said that banks will have to toughen up their lending criteria as they prepare for a slump in profits.He said: “We’re experiencing an unparalleled period of financial uncertainty caused by the problems […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]

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