Skandia is developing an IHT calculator as part of the development of its online wrap proposition. The tool will work out the client’s IHT liabilities based on assets entered into the system and will be live by the end of the year.
Nvesta says it is closed to new business while its future is decided after parent company Eurolife Assurance Group entered administration. EAG went into administration on August 17 when this year’s 700,000 instalment of a five-year compensation plan to policyholders who invested 17m into secured bonds in 1999 fell due. Further compensation for bondholders will […]
Norwich Union is raising the interest rates on its fixed rate lifetime mortgage and drawdown plans from Monday.The interest rate on lifetime plan introduced by intermediaries will be 6.35 per cent (6.6 per cent APR). The previous rate was 6.25 per cent (6.5 per cent APR). The interest rate for business introduced directly will be […]
The FSA has published a consultation paper outlining proposals to merge the customer functions in the approved persons regime, in response to industry feedback.The paper follows up an FSA consultation from 2005 detailing a series of proposals to streamline and simplify the Handbook.It sets out the implications for the approved persons regime on the back […]
Trigold has announced that Beacon Homeloans is the latest lender to support its Enhanced Non Conforming sourcing module.Beacon joins other non-conforming providers that Trigold says accounts for over 95 per cent of the market in supporting ENC. Tirgold chief executive Bill Safran says: “Beacon is leading a new generation of lenders that have re-written the […]
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]