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On the sidelines

I suspect that many clients will not take waiver of premium any longer as

it is now a separate contract and cannot be paid as part of the pension

contrib-ution and must be paid from the individual&#39s bank account.

This is not very convenient for members of group schemes.

No doubt, some companies will not bother to offer the contract at all. I

cannot think that this will benefit anyone at all but, of course, the few

who have a long-term illness will suffer enormously.

It is interesting that the powers that be have, in effect, sidelined

waiver of premium when only a few months ago advisers could have been sued

for not recommending it. Does anyone know what logic caused this sorry

state of affairs?

David Hopkinson

JFW Robinson & Co,



Loyal Approval

Short-termism is an accusation that has long been levelled at the Britishway of doing business. But things move on. Supermarket loyalty cards havebeen introduced and brands have been formulated that insinuate themselvesinto the very fabric of the consumer&#39s life. In short, initiatives for holding on to customers and developing long-termrelationships have become the norm and […]

Skandia targets trustees

Skandia&#39s pension trustee bond is a unit-linked bond that invests in unittrusts, Oeics and investment trusts. Considering how the bond fits into the market, Elms says: “With the fundchoice and access to Skandia&#39s with-profits-type guaranteed pension fund,this offers real choice to trustees without the admin hassle ofmulti-providers.” Bumford says: “With the increasing popularity of self-invested […]

ABI sets out standards for Omo

The ABI is issuing a statement of good practice recommending minimumstandards for pension providers dealing with policyholders about to retire. The move aims to pre-empt the FSA&#39s planned new rules for providers whichare set to force them to clearly highlight the open market option, wellahead of policyholders making their final decision on buying an annuity. […]

Outside edge robert reid

The other day, I had the benefit of a new virus, which disabled my pc, butthe support I received from the technical desk at my anti-virus softwaresupplier made me feel quite relaxed about a very serious problem. In contrast, the attitude of some product providers still leads a lot tobe desired and an increasing argument […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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