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Software developed to assess endowment misselling

Oxford Actuaries and Consultants, a provider of consultancy and information services to the insurance and pensions industry, is launching a new software system to help companies calculate compensation if endowment mortgages are found to be missold.

Its Endowment Mortgage Expert System, based on technology developed during the pensions review, is designed to lead the user through the required steps to calculate accurate redress. The system can be installed on a single workstation or on a network. OAC helps companies maintain and develop the system.

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House prices are almost 8 per cent higher than this time last year and are continuing to rise, according to figures from Nationwide.Its monthly index shows average house price inflation shot up to 7.7 per cent in May from 6.6 per cent in April. House prices rose by 0.8 per cent last month, compared to […]

Royal Skandia flys east with Pacific rim fund

Isle on Man based Royal Skandia has unveiled the US$ Pacific equity fund as a part of its new range of funds.The fund is an international life fund and can only be accessed via a Royal Skandia life product. The fund has a medium level of risk and is aimed at investers who are looking […]

Skandia Life to hold IFA conference

Skandia Life is to hold an IFA conference in London on June 11, chaired by ITN veteran Sir Trevor McDonald.The three main presentations will cover the use of past performance, the future of advice and how to sustain a competitive advantage as an IFA in the 21st century.There will be a question and answer session […]

Platform widening criteria

Non-conforming lender Platform Home Loans is widening its lending criteriafor all borrowers and introducing a new loan range. In an attempt to capitalise on what it claims is the strong performance ofits existing mortgage book, Platform will lend to borrowers with a poorercredit history than it would previously accept. It will now judge all cases […]

Japan 2017 Outlook: Abenomics 2.0

By Chris Taylor, head of Japanese Equities, Neptune Abe, having reinforced his political position domestically, will most likely hold off any further major policy enactments until after president Trump has settled into the White House and enacted some of his own. Then a relaunch of the Three Arrows programme is likely, or Abenomics 2.0, including […]

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