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Swip loses another big client

Scottish Widows Investment Partnership has been hit by the loss of another major client. The Port of London Authority withdrew a mandate for its £300 million pension fund. This is the sixth major client Swip has lost in four months. The Authority says it had concerns about changes in ownership following its merger with Lloyds TSB last year. Poor performance was another major factor for the switch. The Authority is splitting its management between Deutsche Asset Management and Morley Fund Management.


First Nat aims for more self-certs

First National Mortgage Company is revamping the terms of its flexible base-rate tracker loan to attract more self-emp loyed applicants.It is increasing the loan to value ratio to 90 per cent and reducing the minimum loan from £163;50,000 to £163;35,000.The Manageable Mortgage is available to existing and new customers. The rate is set at 1.24 […]

Revenue relents on policing term cover premiums

The Inland Revenue has thrown the pension term insurance market a lifeline by climbing down on providers&#39 resp-onsibilities to police new contribution rules.The Revenue has agreed to take responsibility for checking policyholders make sufficient pension contributions to cover their life insurance premiums. The only responsibility for life offices will be to get a letter from […]

Save now or pay later

We all know that considerable saving commitment is required for life&#39s longest holiday.But very few individuals in occupational pension schemes make full use of the 15 per cent annual limit on pension contributions. Most occupational pension schemes will deduct 5-6 per cent gross salary as a basic contribution, leaving many individuals with significant scope to […]

The test of strength

As the time draws nearer to the season of life-office year-ends and with-profits bonus declarations, IFAs (and others) will be as concerned as ever to identify which life offices are on the road to riches and which are on the road to less profitable times.Financial strength brings investment freedom which in turn offers the potential […]

Developing your personal relationships – Webex

Read more 9amFinancial advisers and solicitors working together Presented by Ian Muirhead, director & chairman at Solicitors for Impartial Advice (SIFA) Listen to Ian’s expert insight and experiences of how financial advisers and solicitors can work together to deliver mutual benefit and enhanced client outcomes. Register here 10am Financial advisers and accountants working together Presented […]


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