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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Eight exchange-traded funds that prioritise environmental and social targets entered the market in May alone, according to the London Stock Exchange, driving record levels of flows into ESG strategies. LSE says 2018 has been a record year for passive funds prioritising socially and sustainable companies. A total of 31 ESG ETFs holding £3.97bn in assets […]
Retirement product provider Just Group has launched a digital platform that will offer transfer value analysis services. Just Group is starting the wholly-owned HUB Pension Solutions to provide support services for trustees and scheme sponsors. The launch of the new services comes two months after the FCA’s policy statement on defined benefit transfers in March. […]
A law firm is set to issue more than 30 cases against Liberty Sipp in what it believes is the largest number of claims issued against the provider to date. Anthony Philip James & Co alleges the Sipp provider is responsible for the misselling of Sipps between 2011 and 2013. It says it has up […]