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Home insurance sales up 12 per cent

IFAs along with estate agents and other mortgage arrangers are producing record levels of home insurance proposals according to insurance underwriting agency Select & Protect.

The agency claims that despite the traditional antipathy IFAs have towards general insurance, sales are up by 12 per cent over the three months to July 1999 and have doubled in just four years.

Select & Protect sales & marketing director James Wallis says: &#34Our additional £1m income from agents since May means we are also paying out record levels of commission.

&#34Yet the beauty of it all for IFAs and mortgage arrangers is that it involves them in no work whatsoever.&#34


Bristol & West launches new fixed rate bonds

Bristol & West is launched two new fixed rate bonds and increasing the interest rate on a third.The Easy Life Fixed for Five years rate is increased to 7.85 per cent from 7 per cent gross a year for interest paid at maturity.B&W has also launched a two and three year version of the bond […]

Employer&#39s contribution needed for GPPs to qualify as stakeholder says Scotlife

Scottish Life has called for employer contributions to group personal pension schemes to be compulsory in order for them to qualify for stakeholder status.In its response to the latest consultation brief on stakeholder pensions the life office welcomed the Government&#39s concession that GPPs may be allowed to be re-classified as stakeholder schemes.But it called on […]

IFAs must become asset managers

IFAs must become asset managers drawing performance-related pay if they are to survive in a rapidly changing marketplace, according to a report by PricewaterhouseCoopers..This giant accountant and consultancy&#39s draws the conclusion in its Investment Management Survey which examines the state of the investment management industry in the UK and Ireland.The report says to remain competitive […]

ABI reports jump in new business figures

New individual life and pensions business leapt 18 per cent during the second quarter of 1999 according to latest figures from the Association of British Insurers.The figures reveal total life and pensions sales were up £1,6bn to £10.3bn for the second quarter of 1999 compared to £8.7bn for the same period last year.Among the highlights […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


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