Scottish Widows Bank has launched a new key worker mortgage as a rival to the Government’s own Open Market Homebuy scheme.The product will give key workers the opportunity to buy their own home outright, rather than just part owning it. It will also offer homebuyers the choice to buy with 102 per cent LTV, which […]
Norwich Union has doubled the size of its large case administration team.The department, which is designed to provide accessible, expert support to advisers writing larger sums assured, now has 14 staff and handles around 200 cases a week, which equates to a total of £5 billion worth of business underwritten annually.NU head of protection customer […]
Aviva policyholder advocate Clare Spottiswoode has extended the deadline for completing talks with Norwich Union over reattribution of the inherited estate of two of its with-profits funds from early next year until later in2008.
By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner. Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]
The FCA is confident in the future of the advice industry but will need further feedback as it sets about reviewing the success of the RDR and the effectiveness of the Financial Advice Markets Review. Speaking at an Adviser Home/Octopus Investments event this week, the regulator’s head of customer distribution policy Alex Roy said the […]
What are the hallmarks of a true profession? A robust qualifications framework? A rigorous code of conduct? A genuine commitment to continuing development? These are undoubtedly noble indicators, but I would throw one more into the mix: an attitude that welcomes criticism in order to better itself. A profession does not surround itself with yes […]