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L&G first insurer to get FSA waiver

Legal & General is the first company to be granted a solvency waiver from the FSA. The regulator wrote to life offices in January to tell them it would grant waivers of solvency rules before a complete overhaul of the system scheduled for 2004.

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FSA bans adviser for unauthorised secondhand sales

The FSA has banned Yorkshire financial adviser Kevin Allsop from working in the financial services industry after selling secondhand endowment policies without authorisation.The regulator has evidence that Allsop bought at least 55 secondhand endowments and sold 50 of them to 50 different people between 1994 and 2001. It says that most of the polices have […]

Skipton Guernsey – 3 Year Step Up Bond Issue 8

Wednesday, 9 April 2003 Type: Offshore high interest account Minimum-maximum investment: £10,000 – £500,000 Place of registration: Guernsey Interest rates: Up to £49,999 &#45 3.4% gross a year until April 27, 2004, 3.9% until April 27, 2005, 4.1% until April 27, 2006. £50,000 and above &#45 3.45% gross a year until April 27, 2004, 3.95% […]

Bristol & West to market guaranteed bond via IFAs

Bristol & West is offering a range of capital guaranteed bonds for distribution through IFAs for the start of the new tax year.The global income and growth guaranteed equity bond is a two-part investment that allows investors to place up to half their capital in a seven-year fixed-rate bond paying interest of 5.25 per cent […]

Personal allowances, reliefs and credits

All allowances and thresholds other than the basic personal allowance have been raised in line with statutory indexation. This means:- the personal allowance is frozen at £4,615. an increase in the level of age allowance from £6,100 to £6,610 (for those aged 65 – 74) and from £6,370 to £6,720 (for those aged 75 and […]

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