The nine Raising Standards-accredited companies now account for 39 per cent of all new life and pension business written by ABI member firms, up from 33 per cent for the first quarter of last year.The figure rises to 41 per cent of all IFA life and pension business from the eight companies distributing through IFAs. The ABI says CIS,Norwich Union and ScotEq are to apply RS-style documentation to existing business.
Co-operative Bank is extending its range of environmentally-friendly mortgages with the launch of a two-year green fixed-rate deal.The loan is fixed at 4.99 per cent until May 31, 2004 and is available up to 95 per cent loan to value.The loan has flexible features, including the ability to create a flexible fund which can be […]
This week, I would like to continue my look at the consultation on offshore funds. A close examination of the document and some of the possibilities for new rules reveals the perhaps inevitable likelihood of an increase in the amount of information that would need to be provided to the UK authorities in connection with […]
I am writing in response to the Product Matters column in the June 6 edition of Money Marketing with regard to the comments by David Hollingsworth.The Mortgage Business has developed the New Start product in association with The Mortgage Partnership to meet the demands of what is seen at present as a gap in the […]
Nearly half of people would like to buy an annuity that protects capital and provides a money-back guarantee, according to research from the ABI.The ABI supports the idea of money-back guarantees – returning capital not paid out to the customer in retirement as a lump sum to their estate on death – as a more […]
Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Scottish Widows mulls Standard Life corporate pensions book takeover
- Martin Lewis wins claim against PPI chaser that used his image
- How much are advisers charging for pension transfers?
- The future of Cofunds: What next for a platform titan?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]