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Norwich Union to enter offshore market

Norwich Union is planning to enter the offshore market with a range of long term investment products.

The announcement comes after it was granted a licence by the Irish Development Authority to establish an international financial services company based in Dublin.

The life office is aiming to launch a range of products within the first quarter of next year.

NU&#39s managing director of international operations Tom Fraser says: &#34We are delighted to have been granted this licence. This will enable us to begin development of a range of savings and investment products in preparation for a full launch next year.&#34


NPI to sponsor Cardiff 10k road race

NPI is challenging people to go on the run and help raise money for kidney research.The pension specialist which has offices in Cardiff and Tunbridge Wells is urging athletes to compete in the NPI/Kidney Research Unit Foundation 10 kilometre race in Cardiff on September 5.All the monies raised will be donated to the KFU for […]

Virgin Direct calls for voluntary benchmarks on stakeholder

Virgin Direct is calling on the Government to introduce voluntary benchmarks for stakeholder pensions, claiming there is no excuse for any delay.The move is Virgin&#39s in response to Government&#39s latest consultation paper on stakeholder pensions.In its reply to the paper, Virgin welcomes the Government&#39s decision of &#39sticking to its guns&#39 over the 1 per cent […]

Scottish Friendly launches Isa to IFA market

Scottish Friendly Assurance is launching its Isa range into the IFA market.The friendly society is targeting 7,800 IFAs with a mailing providing details of its three products.The society&#39s Isa was launched to its existing customers in June. Its maxi version consists of equity, cash and insurance components.Its mini-Isas are only available on an equity or […]

Wesleyan Home Loans abolishes redemption penalty lock ins

Wesleyan Home Loans is abolishing redemption penalty overhangs on its range of mortgages.The move will apply to its range of new loans from August 12.Wesleyan Home Loans director Frank Brooks says: &#34As financial services evolve in the UK, it has become increasingly evident extended lock ins are neither appropriate nor acceptable.&#34We pride ourselves on being […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


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