Essex-based traded endowment specialist Shepherds is to become the first trader to buy unitised with-profits policies. It says accepting unitised policies will dramatically boost its sales because the majority of policies taken out over the last ten years have been unitised. The company has developed a specialist team of actuaries to deal with the charging structures of unitised policies.
Furness Building Society is offering all new homebuyers one years free accident sickness and unemployment cover for their new loan.The "Freestart' ASU scheme is fully compliant with the Association of British Insurers and Council of Mortgage Lenders new mortgage payment protection insurance guidelines.Cover is written on a back to day one basis after an initial […]
The Government will reject the Royal Commission on Long Term Care's main proposal to provide free nursing care regardless of personal circumstances, according to the Financial Times.The report says health minister Frank Dobson will discard the Commission's recommendations in favour of a three-month period of free nursing and residential care.The paper says the proposals will […]
Portman Building Society has launched a one year fixed rate bond paying 5.75 per cent.The bond has a minimum investment of £500 or £1,000 for postal applications.No withdrawals are allowed during the term.
Legal & General is launching a second version of its with-profits bond.The bond is aimed at investors looking to achieve capital growth and is designed to complement the existing with-profits income version.The new bond offers a choice of either a 5 per cent initial charge or a monthly charging version of 0.75 per cent a […]
By Fiona Tait, Pensions Specialist The new State Pension (nSP) will be implemented at a maximum flat rate of £155.65 per week in 2016/17. This is good news for some, not so good for others. Women and the nSP I am a woman.1 However, this does not really affect my State Pension, largely because I […]
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]