Standard Life is raising its underwriting limits for people buying life insurance and critical illness products in a bid to boost market share. The change raises the level of life cover above which medical details are required meaning more policies will now be accepted without the need for reports.
Alliance & Leicester plans to launch maxi and mini Isas offering cash and stocks and shares components.The cash Isa will be Catmarked and will be passbook based. It will offer a interest rate of 5.9 per cent and be available direct or through A&L's branch network.The stocks and shares Isa will consist of four funds, […]
The IFA Association/ Institute of Financial Planning alliance has appointed Mike Leming as head of education. Leming is charged with promoting professional standards and qualifications in the IFA sector. He will focus on raising awareness of the IFP's Certificate of Financial Planning. The former IFAA technical manager will also be responsible for increasing the membership […]
With the end of the tax year fast approaching Legal & General has highlighted how Tessas unlike Peps, can still receive new contributions up until 2004.According to L&G this opens up a number of potential investment opportunities. For example, £3,000 could be invested into a Tessa before April 5, effectively allowing the full first year […]
The Scottish American Investment Company (Saints) investment trust has revealed plans for a maxi-Isa to replace its Saints Pep.The Stewart Ivory managed trust is waiving its normal annual charge of £35 plus Vat, for Isa investments in the first two years. But investors will still pay underlying investment management and administration charges of 0.55 per […]
The Pensions and Benefits UK Conference takes place this week, where Jelf will have a stand.
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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 […]