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MPPI standards come into force

The new standards governing mortgage payment protection insurance policies take effect from today.

The standards are being introduced following a joint initiative between the Council of Mortgage Lenders and the Association of British Insurers.

All new policies will comply with the standards, but many companies have complied in advance of the July 1 deadline.

The final deadline for upgrading existing policies to meet the new standards is July 2001.


IFA publishes guide to VCTs

The David Aaron Partnership has produced a guide to Venture Capital Trusts.The guide provides investors with details of VCT&#39s currently on offer and gives star ratings to highlight recommended trusts.The star ratings are based on the manager&#39s experience, the trust&#39s structure and its future potential.Guides are available at a special price of £2 until July […]

Negative equity protection for homeowners

Protection specialist Equity Protection Policy UK has launched an insurance product to protect home owners from the effects of negative equity.The Equity Protection Policy guarantees the value of a homeowner&#39s property for a ten-year period. The level of cover chosen is fixed at outset and can be up to £10,000. It is payable as a […]

Forum to discuss product development

Income Drawdown Advisory Bureau director Ronnie Lymburn is set to chair an annuities forum on July 8 aimed at product developers.The forum will discuss how future products can beat the limitations of annuities by providing sufficient income in the current low interest rate environment.Among the subjects to be discussed are strategies for product development currently […]

PIA fines Sussex IFA

The Personal Investment Authority has fined Sussex IFA Horsham Financial Services £15,000 for compliance failings over its pensions review.The disciplinary action was taken after the firm failed to take reasonable steps to carry out a review of its previous pension transfers and opt-out business and maintain adequate records of its pensions review.

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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