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Scot Prov launches ‘source of funds’ concession

Scottish Provident has introduced the ‘source of funds’ concession for self-assurance term business, in line with anti-money laundering guidance.

The concession removes the need for advisers to complete an introduction verification certificate. Where the concession is not available, for example, if premiums are paid by a third party, the simplified, one page IVC can now be used.

Head of marketing Alison Turner-Holmes says: “This move will speed up and simplify the whole application process for the client and adviser. For Pegasus business, intermediaries can still take advantage of the simplified IVC.”


A Shaw thing

Sam Shaw is a reporter on Money MarketingThe joys of having taken Monday off as leave soon became a distant memory as I walk in on press day to land straight in the middle of the Friends Provident/Resolution merger talks.Having spent much of Tuesday discussing the “what might happen” with many an IFA to gauge […]

Crown Equity Release warns pensioners over sale-and-rent schemes

Crown Equity Release has urged pensioners and the industry to be cautious when considering sale-and-rent alternatives to equity release for the elderly. It claims that many unscrupulous firms are targeting cash-strapped pensioners who have valuable assets, buying their homes at below market value and renting it back to the former owners. However, in a large […]


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