View more on these topics

Swiss Life slashes rates across the board

Swiss Life has announced it is cutting rates across a number of term assurance products in response to increasing consumer demand.

Rates for non-smokers are to be cut by up to 44 per cent under the scheme which took effect on September 26.

Life term family income benefits are being slashed by up to 28 per cent, the life office&#39s five year renewable term is dropping by up to 17 per cent and its pension term product will be cut by nearly 40 per cent.

Recommended

Show them theway to go Omo

Despite recent coverage, the open market option is stilllittle understood and little used.Even though not using the open market option is the only example I know of a genuine free lunch – the only prob-lem is that it tends to be the provider and not the clientwho lunches.In 1998, according to ABI statistics, over £7bn […]

MM survey reinforces endowment concerns

The Money Marketing Mortgage Repayment Focus Survey reinforces industry con- cerns over the scale of the possible problem of endowment misselling.MM&#39s latest figures reveal a large proportion of mortgage endowment policyholders are at risk of being una-ble to repay their mortgage.Among providers which have admitted to a large number of red letters are Woolwich Life, […]

L&G in stakeholder deal with print groups

Legal & General has been chosen as the sole provider of stakeholder pensions to members of the Printing Industry Pension Scheme.The annual management charge will start at 0.87 per cent of funds under management, with scope for further reductions built in by the IFA firms servicing the schemes, Meridan and RSM Robson Rhodes.Pips is co-sponsored […]

Human Rights Act opens up a new can of tax worms

The Human Rights Act came into force across the whole of the UK on October 1. It allows rights arising under the European Convention on Human Rights to be enforced in UK courts.The Act been described as the biggest single change in UK law for three centuries (Jean Eaglesham, Financial Times, September 2/3, 2000), as […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment