Liverpool Victoria is offering whole-of-life guaranteed premium life cover.The policy pays out a lump sum, with premiums guaranteed for the duration of the policy. Minimum premium is 5 a month and level or index-linked options are available. It features additional inheritance tax-guaranteed insurability options, which cover marriage, divorce, inheritance, and legal adoption of a child. Liverpool Vic says it launched the policy in response to concerns from intermediaries about the trend towards reviewable rates for IHT planning products. More people are becoming liable for IHT. Intermediary marketing manager Helen Collins says: “The product’s guaranteed premiums give total piece of mind that the monthly outlay will not change, irrespective of legislative changes, and we bel- ieve that the product will be the perfect solution for many IHT planning needs.”
This week Emma Lunn, freelance finance journalist
Shamed former Royal Liver sales manager Chris Large’s new firm has gone into administration following what is understood to be regulatory problems with the FSA. Macclesfield-based Route 2 Solutions went into administration on July 18 after moving into its “prestigious new offices” only five weeks earlier. Director Chris Large was sacked from Royal Liver after […]
The news that more than half the 1,500 victims of the recent Birmingham tornado do not have household buildings and contents insurance illustrates all too graphically how the poor get poorer.
While I agree with some of Simon Chamberlain’s comments regarding membership of Aifa (Money Marketing, July 21), I believe they are typical of those who advocate the multi-tied route. I think he misses the point, which is that the public are not best served by depolarisation and that multi-tied advice is not in the public’s […]
Paul Casson, the manager of the Artemis Pan-European Absolute Return Fund, expects to benefit from a (patchy) recovery in Europe and more profit warnings in 2016.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
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The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]