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Sloc&#39s IFA arm gets go ahead

The PIA has given Sun Life of Canada regulatory approval to launch its IFA arm Sloc Independent.

The IFA will operate on referrals from the company&#39s field force, concentrating on products the insurer does not provide like healthcare. It will start with three registered individuals but may grow to over 30 depending on referrals.

Sloc Independent will start trading on November 30. It will be headed by former Abbey National IFA regional manager for Scotland Barry Walsh.


Institute of Actuaries hits out at life offices&#39 accounting

The Institute of Actuaries has attacked the current accounting practices of UK life offices.A keynote paper presented to the IoA this week describes the current accounting method as &#34flying in the face of what investors and other users of company accounts would consider to be &#39true and fair&#39 and understandable&#34.The paper says that things have […]

Tories attack ISA retreat

The Government has watered down its commitment to extend savings to a further six million people through individual savings accounts, according to the Tory party.In a response to a Parliamentary question two weeks ago by Tory Treasury spokesman Nick Gibb, which raised the question of six million extra savers, Prime Minister Tony Blair avoided mention […]

Aberdeen Asset Managers urges move to corporate bonds

Aberdeen Asset Managers is advising investors to switch to corporate bonds and convertibles from gilts because it says they offer significantly higher yields.It points out that with inflation at 2.5 per cent and many corporate bonds yielding 8.5 per cent, real yields of 6 per cent are available.The fund manager also believes that the best […]

Swiss Life boosts underwriting cover by 15 per cent

Swiss Life is boosting underwriting cover by up to 15 per cent without adding any extra charges to attract more IFA business.The increased underwriting cover will mean top-earners salaries would have to grow by as much as 15 per cent before Swiss Life has to charge for any additional cover.The extra underwriting cover is being […]


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