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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The Pensions Ombudsman and The Pensions Regulator have agreed to share information to increase their understanding of issues in the sector. The agreement follows the FCA and TPR announcing in February they will work together on a strategy to tackle risks in the pensions sector over the next five to 10 years. The agreement announced […]
Platform Alliance Trust Savings continues to be affected by staff departures as three senior executives are understood to have left the business. Money Marketing understands commercial director Ed Carey and customer services director Gordon Murray have recently resigned from their posts. According to LinkedIn, Carey joined ATS in 2016 as sales director before taking on the commercial […]