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Sun Life set for internet drive

Sun Life & Provincial is poised to offer insurance products over the internet and plans to move into on-line banking and share dealing before the end of the year.

Sun Life will begin selling health insurance via the web within the next few weeks and follow this with a stakeholder friendly pension suited to internet access.

Sun Life says a separate company had been established which would receive tens of millions in investment.

The group says it will adopt an “open-portal” approach and will sell its products alongside its competitors to widen customer choice.


FSA to chase mis-sold FSAVCs

The Financial Services Authority is to begin a review of “mis-sold” FSAVCs in a move expected to cost the industry between £95m and £200m.The regulator estimates the review only applies to around four and eight per cent of the million FSAVCs sold in the UK in cases where investors were eligible to join an employer&#39s […]

Family Isa bond launched

Family Assurance is launching a life assurance Isa which aims to achieve an annualised growth rate of 17 per cent.The Brighton-based friendly society says its Family Isa Bond will invest in its Family Capital Builder Fund, a qualifying life fund fully invested in its Family Asset Trust.This has an annualised growth rate of 17.9 per […]

On-line signatures a welcome move

Legal & General has welcomed the Government&#39s initiative to allow stakeholder pensions to be sold online without the need for a paper-based signature.The life office believes last week&#39s announcement by the DSS which plans to allow electronic pension applications fits exactly with its plans for stakeholder.It believes a streamlined digital stakeholder pension offers an attractive […]

R&SA hits out at merger rumours

Royal & Sun Alliance has hit out at rumours it has been looking to merge, but says it would consider an acquisition in general insurance.R&SA chief executive Bob Mendelsohn said reports it had appointed investment bankers to consider possible suitors were categorically false.Mendelsohn said: “We believe the return on capital invested in a well-managed general […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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