Aviva policyholder advocate Clare Spottiswoode has warned Norwich Union with-profits policyholders that the huge amount of work involved in the potential reattribution of Aviva’s inherited estate on its with-profits funds means any payouts will be delayed until summer 2008.
Northern Rock sales director Mark Robson claims the company has received “overwhelmingly positive” feedback from its key intermediary contacts following assurances that the company remains fully operational.
Fidelity FundsNetwork has announced the addition of an Excluded Property Trust to its range of Multi-Asset Trusts, which allows anyone who is not UK domiciled to put non-UK assets into trust and avoid inheritance tax on these assets.
The proposals outlined in the retail distribution review suggest a radical change in the way that UK financial advice and remuneration might be structured. While the RDR proposals seek to clarify regulatory requirements and encourage advisers to move towards principle-based regulation, the final outcome depends upon a consultation process which is not yet complete.The effects […]
Positive Solutions has pledged to raise £100,000 for charity through charitable trust the Harrison Foundation.Outgoing PosSol executive chairman David Harrison asked 1,000 advisers at the firm’s annual partner forum in Birmingham last week to dip into their pockets for charity, promising to match their donations through PosSol and Aegon.He said: “Today, why don’t we give […]
Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.
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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes