Scottish Widows Bank head of product development Murdo McHardy left the company last week to take over as head of mortgages at Intelligent Finance. He starts his new role on October 30.
Norwich Union paid out over 80m for claims on critical-illness policies last year, representing an increase of 23 per cent on claims paid in 2004. The declinature rate was 23 per cent, with 12 per cent of claims turned down due to non-disclosure and 11 per cent due to policy conditions not being met. The […]
What are the tax implications when beneficiaries agree to pay premiums under a trust held for their benefit?
Lloyds TSB has rebuffed a joint approach from Axa and Swiss Re for its subsidiary Scottish Widows. It is understood that the two European insurance giants’ £8bn break-up proposals, which would have seen Axa take over the bulk of Scottish Widows, incl-uding Swip, and Swiss Re buying its closed life book, were rejected at an […]
Lighthouse Group has joined the Financial Services Skills Council. The FSSC will work in partnership with the group to provide training, education and skills development for its advisers.
By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]
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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
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