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Norwich Union rolls up a retirement package

Norwich Union is rolling up a range of products for the retirement market into one package to provide a comprehensive offering for people approaching retirement.

The package, marketed under the line “For the life your clients deserve after work”, has been designed to help IFAs offer clients greater flexibility in retirement and highlights the breadth of provisions available to meet individual needs.

NU is urging advisers to look on retirement not just in terms of pension planning but also in terms of inheritance tax planning, income drawdown, equity release and long-term care

The package will be introduced to IFAs during a series of nationwide seminars from the end of this month until the end of the year.

Head of retirement and protection Willie Mowatt says: “We believe we are uniquely placed to provide for the growing retirement market.”


Life offices lose plea to add Serps onus on IFAs

The PIA has rejected calls from life offices to reconsider proposals on meeting the cost of recalculated redress on Serps transfers in phase two of the pension review which product providers felt were too generous to IFAs.The method of meeting the additional cash to policyholders who are entitled to recalculated redress, estimated at up to […]

Independent view

The Liberal Democrats&#39 suggestion that the Government and product providers should shoulder the cost of independent financial advice is, as Paul Smee said, “a very interesting concept” – but I would argue only in part.Product providers did, and still do to a large extent, bear the cost by way of commission – although this is […]

Merrill Lynch income and growth product offers annual 8.25% yield

Merrill Lynch Investment Managers has set up a protected income and growth product offering a yield of up to 8.25 per cent a year.The Merrill Lynch def-ined returns 2 fund opens from October 29 until the end of November.The product offers two share classes – income and zero-dividend preference shares – and is linked to […]

Resolve offers review reassurance

Consultants and actuaries The Resolve Partnership is setting up a specialist decommissioning service this week to help IFAs preparing to enter the final leg of their pension misselling reviews.The service aims to provide an independent analysis of a firm&#39s review and work with in-house staff and advisers to ensure it meets the FSA&#39s stringent requirements […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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