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NU increases stake in Lifetime

Norwich Union is increasing its stake in wrap proposition Lifetime from 49.9 per cent to 70 per cent. The move sees the life office take shares from IFA Millfield and founders giving it the majority share.
NU spokesman James Evans says: “We see great potential in the wrap market and certainly the kind of distribution strength we have will help to ensure Lifetime is even more successful.”


West Bromwich Building Society – All in 4.95%

Type: Fixed-rate mortgage followed by discount Fixed term: 12 months Fixed rate: 4.95% Discounted term: 12 months Discount: 1% Minimum loan: £25,001 Maximum loan: Up to 95% of valuation subject to a maximum of £500,000 Income multiples: Up to 3.75 times principal income plus second or three times joint Conditions: Six months&#39 free mortgage payment […]

Personal problems

The best name they could dream up for the new Sofa/LIA amalgamation is apparently – wait for it – the Personal Finance Society. What sort of title is that for the (quote) biggest professional body for financial advisers in the UK market? The Personal Finance Society conjures up images of slightly iffy personal loans and […]

IFA hopes Snowdonia will be cash mountain

Family-based occupational pension schemes may not be the inheritance tax shelters that many advisers expect, experts are warning. Technical Connection pensions consultant John Page says the Inland Revenue has hinted that the new alternatively-secured pensions will attract an IHT liability. Under the Government&#39s current proposals, alternatively-secured pension holders will be able to pass on benefits […]

ABI urges Govt to aid today&#39s savers

The Government will have to reduce the reliance on means testing and refocus its attention on today&#39s savers after the election if it is to make any headway in reducing the savings gap, warns ABI head of pensions and savings Joanne Segars. The pension credit has done its job in helping many existing pensioners out […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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