Tuesday, 5 June 2001.
The underwriting of applicants for life or general insurance products is,at a high level, a simple process. The product provider simply has to decide which applicants to accept andwhich to decline. If only life was so straightforward. The detailed processes which underlie the high-level aim of underwritingare complicated. Before considering these, however, we need to […]
Marsden Building Society is looking to the long term with the introduction of the 10-year fixed rate mortgage.The mortgage has a fixed rate of 5.69 per cent until June 30, 2011 for loans of up to 80 per cent of valuation, and is open to all borrowers. It joins a very small market, as only […]
Isle on Man based Royal Skandia has unveiled the US$ Pacific equity fund as a part of its new range of funds.The fund is an international life fund and can only be accessed via a Royal Skandia life product. The fund has a medium level of risk and is aimed at investers who are looking […]
HSBC has unveiled Pep plus, a rollover product for investors in its existing Pep plus that is about to mature.This personal equity plan (Pep) transfer product only accepts Pep transfers from HSBC's original Pep plus. Under Pep rules, no new money can be added to Peps. so those who want to top up their investments […]
by Debra Corey, group reward director You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]