Norwich Union is starting a campaign to return 40m of unclaimed assets in life and pension policies held by 40,000 customers dating as far back as the 1950s.
MorganAsh managing dir-ector Andrew Gething has criticised the procedure of submitting medical records to insurers for protection applications to avoid non-disclosure and says the records are often incomplete.Gething says: “GP records are not the gold standard we once thought. They are incomplete. People now visit other health profess-ional, occupational ther-apies and have tests in pharmacies […]
Bupa says some IFA networks have been asking protection providers to increase their basic premium rates to boost adviser commission payments.The firm says it has been urged by networks to put up premiums , most recently for critical-illness cover.Individual protection product and marketing manager Steve Casey says he is concerned this will encourage dual-pricing and […]
Chris Salih says the best ideas strategy is gathering momentum, with more fund companies set for launches. Now, the originator, Skandia, plans two additional vechicles
Aegon Asset Management has hired Stuart Fraser to head its European equities team.Fraser joins from Standard Life Investments where he was manager of the company’s £70m European equity growth fund and the recently launched European ethical equity fund.Fraser is set to start in early 2008 and will be responsible for overseeing the team’s investment process. […]
By Rob Burnett, Neptune European Opportunities Fund
In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
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