Norwich Union paid out 86 per cent of critical-illness insurance claims in the first half of this year compared to with per cent in 2005, according to its latest Critical Insurance Claims Report. NU says a series of initiatives to drive down non-disclosure, including a campaign to educate consumers about the importance of full disclosure on applications, was behind the increase.
Most investors want two things from their investment – a stable return with as little risk as possible. One of the best ways to achieve this goal is through diversification at the asset allocation level, in other words, getting the right split between equities, bonds, property and cash at the right time.There are huge diversification […]
Equity income manager Graham Ashby joined Credit Suisse this week as managing director and head of UK retail equities from Sarasin Chiswell.
The mortgage industry has reacted angrily to the Institute of Directors’ call to scrap the buy-to-let tax break.The powerful lobbying body’s policy paper ‘Encouraging Savings: A better tax regime’ has the objective of providing an attractive scheme for the taxation of savings on a sustainable basis.The IoD claims that this would require a series of […]
Former Bates Investment Services head of communications Paul Ilott has joined Fidelity International as investment communications consultant for its multi-manager business.Ilott, who has 20 years experience in financial services, will be reporting to Fidelity’s multi-manager business managing director Simon Ellis and will help to drive a communication strategy for the business.In this newly created role, […]
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]