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PAL opens up SSAS clinic for A-Day

Pensions Associates Limited is setting up an Ssas clinic for IFAs, employee benefit consultants and administrators to help them prepare for A-Day.

The clinic will provide a review service for advisers and enable them to access the Aries Pension and Insurance Systems software package, which compares benefit entitlements and allowances before and after A-Day. Advisers can also cal- culate funding requirements for clients with Ssass or EPPs approaching the lifetime limit and get a bound report containing an analysis of the calculations, summary and recomm- endations plus a full compliance audit.

PAL business development director Richard Mattison says the service will help advisers to maximise the tax benefits of pension investments for clients. He says: “If a scheme member is approaching retirement and is below the lifetime allowance threshold, the clinic will calculate the additional funding requirements. If the member is above the threshold, we will be able to make recommendations to protect the balance.”


Guardian rocked by FSA endowment fine

The regulator has slapped a 750,000 fine on Guardian Assurance and Guardian Linked Life Assurance for serious systemic flaws in its mortgage endowment complaints handling procedures.The company was also slammed for not drawing the problems to the attention of the FSA. The FSA claims Guardians procedures were not effective to ensure complaints were fairly and […]

Wade-Smith joins Virtual Net as sales manager

Virtual Net has appointed David Wade-Smith as sales manager from January. He previously worked as a regional sales manager in the London and South East areas for NDF Administration.Wade-Smith has over 30 years experience in financial services with Axa, Towry Law, PPP Lifetime Care and NDF. He will report to head of marketing Andrew Bedford.

Critical questions on cancer cover

Scottish Widows’ decision to supply Virgin Money’s directly sold cancer cover has provoked the ire of many advisers.


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