Actuaries – what are they on, you may ask and where can I get some?
No this is not an entry to the Turner prize, nor is it the cover of Now! That's What I Call Goa Trance Five. It is, in fact, the image guaranteed to strike terror in the faces of annuity providers across the land – the data from the Continuous Mortality Investigation Bureau that shows how we are all living longer.
Apparently, the image shows the percentage improvement factors in graduated age-specific mortality rates for males. Who would have thought actuaries could be so colourful.
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Critical premiums climb at Swiss Life
Swiss Life is increasing its critical-illness premiums by up to 20 per cent and is no longer offering guarantees on stand-alone policies.The move follows a general trend in the marketplace, which over the last few months has seen rivals such as Norwich Union raise rates by as much as 40 per cent.But Swiss Life says […]
Equitable appoints new finance director
Equitable Life has appointed Nigel Brinn as its new finance and investments director. He was chief executive of Homeowner Friendly Society and managing director of RAC Financial Services.His appointment follows the resignation of Charles Bellringer in November, who left with a substantial payout.
Irish Life International unveils new bond
Irish Life International has introduced the 10th issue of the secured growth bond, a guaranteed equity bond that is linked to the performance of the FTSE Eurotop index over a five-year term.Investors can have their bond denominated in sterling or euros and can also choose from two capital protection options. Protecting 90 per cent of […]
Action stations
On the economic front it looks like being a difficult year, according to most commentators. We certainly seem set for a tough time. Does this mean, for financial advisers and product providers, that it is not worth trying because nobody will have the confidence to transact financial services business? Certainly not.Encouraging your clients to take […]
Testing the Foundation
The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes
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FSCS to pay back 2,700 clients of collapsed DFM Beaufort
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Profile: Fiducia on really knowing your clients
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
FCA warns over advisers giving ‘inadequate information’ to DB transfer specialists
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
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