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PPP offers assurance on LTC

PPP lifetime care is pledging to switch customers buying its Lifetime Care plan to the "most appropriate" LTC policy if current products are affected by future legislation. The Government last week unveiled its Royal Commission on LTC, which is set to report in a year.

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Credit Suisse boosting Pep commission to 5%

Credit Suisse Asset Management Funds is boosting initial commission on its Pep range to 5 per cent in a major attack on the market. IFAs will be able to take up to 5 per cent as any combination of commission and discount in the form of rebate to clients. The offer comes into force immediately […]

A contrast in illustrations

I have every sympathy with your correspondent Anthony Harper who mentioned the contrast between the Standard Life illustration and J Rothschild Assurance. I have recently had reason to compare a pension transfer illustration from Rothschild which showed that a critical yield of 11.15 per cent was needed to match the scheme benefits. Choosing Clerical Medical […]

L&G in apology to Virgin as ads compare wrong figures

Legal & General has been forced to make a humiliating apology to Virgin Direct and change its advertising after admitting it got its figures wrong. Virgin complained that figures used in L&G&#39s national press ads for its corporate-bond Pep dramatically underestimated Virgin&#39s performance. The L&G ads compared the running yields of four providers. L&G&#39s Pep […]

Pension opportunity knocks

The de minimis rules are seen by many as an easy way to fund pension benefits for low earners without contributions being restrained by those low earnings. Of course, it was always the case (and still is) that, at some point, remuneration would have to be at an app-ropriate level to justify the benefits provided […]

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