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NU looks to pick up Swiss Life UK group IP business

Norwich Union Healthcare has launched a dedicated group income protection support team, to help advisers looking to find a new home for group clients not automatically being offered renewal terms by Swiss Life, after its recent announcement that it is closing to new business.

The NU team will offer advice and support to choose benefit terms for clients through illustration to policy enrolment. NU Healthcare says its commitment to intermediaries will also include providing named underwriting and illustration team contacts, an e-mail facility for all group IP illustration requests and a mail box dedicated to current Swiss Life business.


First State sees in Chinese New Year with fund deal

First State Investments is kicking off the Chinese New Year by offering a 0.5 per cent discount on entry fees into its Greater China growth fund. The initial cha-rge on the fund, which laun-ched in December, will be 3.5 per cent until April 5. Framlington is cutting by 1 per cent off the 5 per […]

DWS goes for growth

Type: Oeic fund of funds Aim: Growth by investing in DWS equity and bond funds Minimum investment: Lump sum £1,000, monthly £25 Investment split: 50% equity funds, 50% bond funds Isa link: Yes Pap transfers: Yes Charges: Initial 4.25%, Isa 3.25%, Pep transfers 3%, annual 1.25% Commission: Initial 3%, renewal 0.5% Tel: 0800 917 0005 […]

Sesame hit by weak markets

Misys is blaming continued weakness in the long-term savings and investment markets after financial services sales fell by 16 per cent in the six months to November 30. Total revenue for its financial services businesses, including mega-network Sesame, Sesame Insurance Services and Assureweb, was £195m compared with £233m in the previous year. The businesses made […]

Govt faces revolt over collapsed companies

The Government is facing a backbench rebellion over the Pensions Bill from a large number of MPs supporting an early day motion calling for compensation for pensioners who have seen their funds disappear after the collapse of their employers. Cardiff MP Kevin Brennan has tabled the EDM, challenging the Government to compensate thousands of pensioners […]

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]


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