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PensionsFirst aims to manage DB risks

Amelia Fawcett, the former vice-chairman and chief operating officer of Morgan Stanley Europe, has started securitisation group PensionsFirst, which aims to manage the risks faced by defined-benefit schemes.

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Pensions minister pledges to review staff benefit anomaly

Aifa is calling on the Government to remove a tax anomaly which reduces the attractiveness to employers of providing pension advice to their employees.Director general Chris Cummings says that he raised the issue in a meeting with pensions minister Mike O’Brien last week and O’Brien has said that he will look into the matter.Currently, when […]

Which? slams direct sellers over marketing gimmicks

Which? has hit out at direct insurance providers that are using marketing gimmicks such as cashback deals or bonus loyalty points in an attempt to lure customers.Tesco announced last week that consumers who buy its level or decreasing term life insurance products will get 2,000 bonus Clubcard points, which can knock £20 off their Tesco […]

The switch to service

I joined Arden Court as an adviser in 1999 when there were a total of three other advisers and one administrator.At that time, the firm was fairly new and most of the income generated was in the form of indemnity commission to support the cashflow of a growing business.Eight years on, the business has grown, […]

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