Scottish Amicable has enhanced its Long-Term Care Bond allowing policyholders to choose the number of activities of daily living covered by a claim. The maximum level of cover has increased to £36,000 from £30,000 and investors are now able to receive a cash lump sum after the failure of one ADL.
Co-operative Insurance Society is advising their 80,000 customers with unit trust PEPs to switch to one of their ISAs so that they can continue to save tax-free after next April.The CIS ISA consists of a maxi and three mini accounts. Investors will be able to choose from a deposit account at The Co-operative Bank, three […]
The Association of Investment Trust Companies has appointed two independent directors to its executive committee.It has appointed Dick Barfield, a former chief investment manager with Standard Life Assurance Company, and David Price, formerly deputy chairman of Mercury Asset Management.Barfield is a director of the Baillie Gifford Japan Trust and Price is on the board of […]
Scottish Widows International is offering its International Bond and its Private Portfolio Bond to UK investors for the first time. Previously the products were only available to non-UK residents.Scottish Widows is also launching a dedicated Year 2000 helpdesk for IFAs which can be accessed via the company's extranet site, e-mail or telephone. It will outline […]
Plans to develop an EU directive harmonising the treatment of venture capital funds across the union have been shelved by the Commission.Discussions between the member states and representatives of the European venture capital industry concluded that legislation in the industry is unnecessary.The industry is now for the Commission to examine the tax treatment of funds […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]