Sun Life Financial of Canada has appointed The Hartford’s Mark Stopard as head of marketing for its UK life and pensions arm. Stopard will establish a product strategy for the firm following the acquisition of Lincoln National UK.
Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]
The FCA has written to payday lenders and urged them to review their lending activity to see if their creditworthiness assessments are compliant. In a letter addressed to chief executives, it sets out how the watchdog expects payday lenders to handle issues linked to the increase of complaints about unaffordable lending. If deficiencies are found […]
Around 125,000 savers lost out when the annual allowance limit was cut from £50,000 to £40,000 in the 2014/15 tax year, according to government documents. Royal London policy director and former pensions minister Steve Webb pointed to the findings this morning in an archived government note as the firm launched a new policy paper on […]
I wonder how many client conversations come to an impasse when the subject of their existing cover is discussed. All too frequently, we find clients have little knowledge of their employment benefit package. Death in service, critical illness cover and sick pay benefit periods may have been discussed during the recruitment process and will be […]