Scottish Re’s international arm has been sold to Pacific Life for £71.2m. The operation, to be rebranded Pacific Life Re, will provide reinsurance to insurance and annuity providers in the UK and Ireland as well as insurers in parts of Asia.
Nationwide has confirmed it will offer a My Choice HomeBuy shared equity product from June 10. This is the Government’s shared equity scheme launched on April 1 to replace the Open Market HomeBuy scheme.
What might Trump’s policy proposals mean for markets and key components of the US economy going forward? The questions outnumber the answers at present. Loomis Sayles Macro Strategies takes a look at the impacts of the US election. Click here
Many believe a client’s lifetime allowance can no longer be protected once a deadline has passed. But there are circumstances where a late application can still be made. If benefits are crystallised in excess of the lifetime allowance, a tax charge of 25 per cent or 55 per cent arises. The allowance has fallen year […]
The Royal Bank of Scotland will pay its first dividend since the financial crash as it has agreed to pay $4.9bn (£3.6bn) to US regulators to settle claims it misled investors. Yesterday, the US Department of Justice said the penalty is the record fine imposed on a bank for misconduct leading up to the financial […]
The FCA should ban firms from using leads generated by cold-calling to better protect the public, former pensions minister Ros Altmann says. Yesterday, the FCA and The Pensions Regulator published new figures as part of an advertising campaign that revealed victims of pension fraud lost on average £91,000 each in 2017. The advertising campaign is […]