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Sun Life will sponsor IFAP

Sun Life is aiming to boost its IFA strategy further by becoming the fourth-biggest sponsor of IFA Promotion. The life office says it is keen to see some of IFAP&#39s plans come to fruition.

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PIA fines London firm £10,000 over review

The PIA has slapped a £10,000 fine on a London broker for not carrying out the pension misselling review properly. Jacobs Insurance Brokers, of Cavendish Road, Highams Park, which has four registered individuals, has also been ordered to pay the costs of a verification visit. The PIA has also rejected the membership application of M […]

EPP sales boom as de minimis is scrapped

Executive personal pension business boomed last month in a “buy now while stocks last” campaign run following the Government&#39s decision to scrap the de minimis limit. The Inland Revenue gave life offices until the end of March to scrap the de minimis limit. The limit allowed company directors to contribute up to £6,000 a year […]

Loss on gains

Continuing my theme of last week in looking at likely tax anti-avoidance measures by the Government, the introduction of a general anti-avoidance rule together with clear- ance procedures may well impact heavily on many financial services product providers looking to develop and innovate new products and product packages. It may well be that the market […]

Man from the Pru says sorry on TV

Prudential chief executive Peter Davis has publicly apologised for the company&#39s role in misselling thousands of personal pensions. But Davis admits that the Pru does not know if it will meet its latest deadline for reviewing 90 per cent of its priority cases by the end of November. The startling admission and apology came in […]

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