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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Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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