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Summing up in L&G fine appeal

Legal & General&#39s appeal against a £1.1m fine from the regulator for alleged endowment miselling will end this week following summing up from both the FSA and the insurer&#39s legal teams. L& G denies systemic miselling.

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A consumer&#39s view

An important point barely touched on by Adair Turner in his Pensions Commission Report is the fact that incentives to encourage people to save for retirement will fail as long as individuals do not trust the savings institutions. And they don&#39t. Research from the Consumers&#39 Association shows that this is an enormous hurdle for the […]

Royal Liver Assurance – Progress

Type: Menu based protection plan providing income protection and term assurance with optional critical illness and unemployment cover INCOME PROTECTION Minimum benefit/minimum premium: None/£7.50 a month, £75 a year Minimum-maximum ages: 16-59, 18-59 for unemployment cover Deferred period: Choice of 4, 8, 13, 26 or 52 weeks Definition of disability: Own occupation Options: Guaranteed premium […]

A tough Act to follow

A change to a Government minister with a pensions brief is a significant event for our industry. Sometimes there is a collective sigh of relief, such as when Helen Liddell moved on after earning a reputation as the scourge of the industry by naming and shaming companies she thought were dragging their heels over the […]

Resolution picks finance chief

Resolution Life Group is appointing Mike Biggs as its chief financial officer and board executive director. Biggs, the former Aviva group finance director, will be responsible for the company&#39s financial management, consolidated group reporting and capital structure. Biggs helped in the demutualisation of Norwich Union in 1997. He will also lead Resolution&#39s eventual flotation. Resolution […]

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