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Survey shows young are concerned about their financial future

The message that the state will not provide a decent level of financial

security in retirement is starting to hit home.

A survey of 1,000 people has revealed that the younger generation in

particular are concerned about the need for good financial planning for the


But when it comes to knowing how long they could live – medical advances

mean this is just around the corner – most would rather not be told.

Over half said they were worried about buying life insurance, with 67 per

cent in the 25-34 age range very concerned that life insurance companies

might discriminate against them if they were told they were to live for

another 10 years.

Even among 16-24-year-olds, almost 60 per cent of respondents were either

very worried or quite worried about getting life insurance.

The findings were part of a UK-wide lifespan poll conducted by independent

research specialist RSGB for


IFAs want specialist LTC exam

IFA Care is lobbying for the introduction of a dedicated long-term careexamination.The specialist IFA has approached Sofa and the Chartered InsuranceInstitute to establish a new qualification. The sector is currently dealtwith as part of a wider protection paper but IFA Care believes the industryneeds a dedicated qualification.The move follows Sofa&#39s decision to set up a […]

CML figures show boost for loan insurance

The Council of Mortgage Lenders claims its campaign to promote mortgageprotection payment insurance is working as the latest figures showincreas-ing take-up.The CML says the num- ber of borrowers protecting mortgage paymentsagainst accident or unemployment has risen by 9 per cent.In the last six months of last year, the number of mortgages with paymentinsurance increased by […]

Chase de Vere and igroup link up for non-status push

Chase de Vere Mortgage Management has shocked the industry by launchinginto the non-status market with igroup.While igroup is declaring the joint launch of the product in two weeks asa “ringing endorsement” for itself and the non-status sector, Chase isdistancing itself from the move.igroup previously traded as Ocwen UK, which attracted criticism for highmortgage rates and […]

MCCB to probe big IFA firms&#39 mortgage sites

Investment manager Greig Middleton sponsored the Ladies Open ChampionshipHunter Chase Final at Uttoxeter last week. Director Stephen Clark says:“Point-to-point meetings offer tremendous entertainment in an informalsetting and reinforces our name in the private client and corporate financemarkets.”The Mortgage Code Compliance Board is planning to meet big IFA firms tocheck their websites and mortgage-sourcing software contain […]


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


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