Norwich Union is running an education programme to improve adviser understanding of equity release.An NU poll has found that 78 per cent of advisers believe they will be writing more equity-release business in the next six months. Twenty-seven per cent believe house price rises have encouraged interest in equity release while 36 per cent say lower returns on other investments will see more consumers turning to this market. NU Equity Release group product development manager Brendan Kearns says: “The research proves that equity-release products are now a real solution for clients wanting to acc- ess a lump sum in later life and look set to become a normal part of retirement planning. “We recognise that equity release can be a difficult market to access and that there is a need for more information about the products to be available. As a result of these findings, we will be developing a range of tools and materials throughout the rest of the year to help advisers.”
MFS International UK, part of Boston-based MFS Investment Management, has merged its UK, Cayman Islands and Luxemburg fund ranges to create a new Ucits III compliant Sicav range for UK investors, MFS Meridian Funds.
Liverpool Victoria is revamping its with-profits product range to offer a bond with a range of asset-allocation models and the option of a five-year capital guarantee. Investors in the All-in-1 investment bond can choose between growth, balanced or cautious strategies, with the option of a five-year guarantee which is charged to the fund’s annual fee. […]
Whitechurch is introducing a declaration of trust to all contracts to protect members against commission losses if the network ever goes bust. It stresses the clause has been introduced in response to IFA concerns over the networks which went into liquidation last year owing members commission and not because it is any danger of going […]
Stargate Capital Management has come under fire for promoting two EIS funds as inv-esting in women-owned businesses and film but which only provide 28 per cent exposure to these investments. Stargate’s Trapezia EIS is billed as an altruistic investment, investing in “women’s intuition”, while its MagicGate EIS is marketed as a “new vision for British […]
Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]