View more on these topics

Norwich Union in dual pension term push

Norwich Union is lining up a twin-pronged assault on the pension term assurance market with the launch of life insurance with tax relief and mortgage life insurance with tax relief plans.

The policies will follow the same product designs as its level and decreasing term products while offering tax relief at the client’s taxable rate.

The plans will be offered only on a single-life basis with no options but guaranteed rep-lacement benefit cover option is available for those becoming ineligible due to exceeding the annual contribution limit. Terminal-illness benefit is included as standard and clients will be automatically become members of NU’s multi-manager pension plan.

Head of protection Louise Colley says: “The introduction of tax relief will make these products more affordable and help more people get adequate insurance cover in place.

“The new PTA products should benefit many people. However, as these products may have implications for an individual’s annual pension contribution and lifetime limit, we believe that people should take advice before making any decisions.”

Recommended

Different worlds

A clash of civilisations took place in Manchester last week, with the Building Societies’ Association parking its annual conference next door to the Mortgage Expo. Although the gatherings were within spitting distance, the short skip between events transported you across different worlds. Delegates entering the BSA were treated to a distinguished gentleman playing grand piano, […]

Safe and secure?

Our panel of experts discuss secured loans, fraud and the role of Ship in equity release

TUC declares pension victory

The TUC has declared victory ahead of the publication of todays pensions White Paper calling it the best opportunity to forge a new consensus the UK is ever likely to get.TUC general secretary Brendan Barber says all three of the TUCs campaign priorities look likely to be addressed- index linking the state pension to earnings, […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com