View more on these topics

Permanent&#39s critical mortgage

Moving on to the charges and commission, the panel think they are fair and reasonable. Overy says: “Charges are comparable with other companies.”

Looking at the quality of the product literature, Rutter says: “Well presented if you can take the purple hue. All the likely questions in the client&#39s mind are clearly answered.”

Moore adds: “I like the layout of the literature and the wordings are very concise.”

Overy says: “Overall very good.”

Summing up, Overy says: “Apart from being unit linked, this plan is very similar to many others. As it is difficult to predict returns, and I assume the premiums will be greater than standard mortgage protection plans, it may be difficult to justify the sale.”

Rutter adds: “A high quality protection plan from one of the best names in the market.”

Recommended

Major employers fail to understand stakeholder rules

Big businesses remain apathetic and misinformed about stakeholder, according to research by consulting actuary Punter Southall.The pension expert surveyed managers in the UK&#39s biggest 250 companies earlier this year. It found that only 10 per cent of employers expect to offer stakeholder schemes to their contractors and 23 per cent to temporary staff.In fact, both […]

On course for holiday home

Golf is a major factor in deciding where British people choose a holiday home, according to Norwich & Peterborough Building Society.Its Spanish Home Loans arm says Valderrama on the Costa Del Sol – where there are over 30 courses – is the most popular area for villas.N&P provides loans for homes along a 70km stretch […]

Exchange in Tep deal for IFAs to trade policies

Exchange FS is linking up with the Tep Exchange to provide an online service for IFAs to buy and sell traded endowment policies for their clients.The Tep Exchange creates an online supermarket for buying and selling endowment policies, offering IFAs instant deals.Policy details are held on a central platform so IFAs do not need to […]

Widows to run AVC for West Yorkshire

Scottish Widows has been appointed to provide an AVC scheme for the West Yorkshire local authority&#39s pension fund. It will administer the plan alongside Equitable Life, which was previously the scheme&#39s sole provider. The pension fund is valued at £5bn and has around 80,000 contributors working for more than 135 employers within the local authority. […]

Neptune’s Burnett looks beyond Greece

Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment