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Scottish Widows calls for waiver to remain under stakeholder

Scottish Widows has called for waiver of contribution to remain an under the new contribution regime outlined in the Government&#39s Consultation Brief Number 6 on stakeholder pensions.

Waiver of contribution benefit currently allows personal pension policyholders to continue building their pension fund during prolonged bouts of illness or disability.

But the Government has brought into question the validity of such a policy under the new unified contribution pension regime.

Scottish Widows says the relatively low cost benefit provides customers with valuable protection.

Scottish Widows pensions strategy manager Ian Naismith says: &#34We believe the facility should be possible under the new regime although the cap on charges means it is unlikely to be marketed under basic stakeholder plans. It will remain an important feature for personal pensions which will offer greater flexibility than stakeholder &#34


Berry Birch & Noble acquires financial planning division of Bradstock Financial Services

IFA Berry Birch & Noble is acquiring the financial planning business of Bradstock Financial Services in a move it believes will boost annual turnover by £1.5m.BB&N will recruit 45 former BFS employees expanding their financial planning client base by up to 22,000 clients.BB&N chief executive Derek Berry says: &#34I am sure that this development will […]

Cartered Istitute of Taxation calls for simpler tax system

The Chartered Institute of Taxation is calling on Chancellor of the Exchequer Gordon Brown to simplify the tax rules for pensioners in his next Budget.The Low Incomes Tax Reform Group, a sub-committee of the CIT, believes the Chancellor is sympathetic to their demands.These include the issuing of tax exemption certificates to the poorest pensioners taking […]

No improvement for Scot Mutual funds

Scottish Mutual believes the abysmal performance of its range of protected funds will continue well into next year. In a memo obtained by Money Marketing, the life office admits any improvement in the performance of its Controlled Risk and Protected funds before the spring is &#34remote&#34. The life office believes a stockmarket correction induced by […]

Skipton Guernsey launches two fixed rate bonds

Skipton Guernsey, the offshore arm of Skipton Building Society is launching two new fixed rate bonds.The bonds can be fixed to either September 30, 2000 or 2002.The one year bond is fixed at 6 per cent gross and the three year at 6.75 per cent gross.Both bonds are subject to a minimum investment of £10,000 […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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