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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National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]