A Devon pensioner has made a 500 bet that he will die before the end of the year in a bid to cover his predicted inheritance tax bill.Arthur Robinson, 91, stands to win 3,000 at 6/1 odds with bookmakers William Hill if he dies by December 6. Why make such a morbid bet? He asked an insurance broker to get a quotation to cover the 3,000 if he died but he was charging 1,300 for the service. His answer to the broker was “Over my dead body”.
Bright Grey communications manager Mark Locke is leaving to join Aegon’s pr team on August 10. Locke will continue to look after protection as well as employee benefits at Aegon, having been at the Edinburgh-based protection provider since April 2004.Locke says: “I am delighted to be moving to Aegon after an exciting year at Bright […]
Mortgage Express head of sales Cammy Amaira is resigning to join GE Consumer Finance Home Lending. He has yet to confirm his start date at GE but will be joining the team in the unsec- ured market on home improvement loans. Amaira has been at MEX for seven years.
The Treasury select comm- ittee will meet the FSA early in the next Parliament, with the effects of depolarisation set to be a key issue for dis- cussion. Labour MP Andrew Love, a new TSC member, says one of the first actions of the committee after the recess will be to meet the regulator to […]
Shortly before David Severn stepped down as Aifa director-general, I met him for a quick chat, during which he told me what he thought the trade body’s priorities should be in the coming year.
Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]
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AJ Bell has launched an active version of its managed portfolio service. The six-strong fund range, which will only be available through the platform, will mirror the existing passive funds but invest actively through a set of 15 underlying funds for each portfolio. The range will charge 0.15 per cent plus VAT, in line with the […]
HSBC Global Asset Management has grown its funds under management by 13.4 per cent year on year as the largest European bank doubles its pre-tax profit for the period. In its full year results published today, the lender reported total group funds under management of $943bn (£675.6bn) at 31 Dec 2017, up from $831bn in […]
Former pensions ministers Ros Altmann and Steve Webb have urged the Government to make sure pension savers are adequately protected under new plans to reclaim “dormant assets” for charities. Earlier this month the Government announced plans to widen a scheme to release assets in bank and building society accounts untouched for 15 years and put […]