View more on these topics

Tep market booming to £500m

The Association of Policy Market Makers says the traded endowment policy business done by its members will pass the landmark figure of £0.5bn this year.

The APMM and IFAs are predicting this figure will rise substantially as more policyholders receive their endowment review letters.

The association says its members have seen a rise of more than 11 per cent in the first half of this year which brings the expected total business up to £500m from last year&#39s £450m.

The APMM says IFAs have introduced around 50 per cent of this business.

APMM executive director Tim Villiers says: “The review letters will remind people of their policies but the full impact has not yethit home.”

Pretty Technical Services partner Jo Smith says: “I think as the letters go out it is quite obvious endowment owners will go out and seek advice from IFAs to be made aware of all the options, including the Tep market.”

Recommended

Sun Bank in call for flexible loan probe

Sun Bank is calling for the Council of Mortgage Lenders to set up a working party to scrutinise flexible mortgages and decide on industry standards for the product.The bank has written to the CML, saying clarity is needed for consumers and advisers.Sun Bank believes many of the products on offer fail to live up to […]

Flemings loses high profile fund manager

Investment bank Flemings has lost one of its leading fund managers to specialist boutique Boyer Allan Investment Management. Richard Whittall is leaving Flemings only months after being awarded a seven figure bonus. He managed more than £3bn for the bank, including its £542m Save & Prosper Japan Fund. The fund is one of the largest […]

Industry in limbo as stakeholder looms

As revealed in Money Marketing last week, the Inland Revenue still appears confused about over exactly how concurrency will work, with different departments sending out different messages over the level of the threshold.At the Department of Social Security, officials appear to have finally taken on board industry concerns over with-profits and it is conducting a […]

Royal & SunAlliance brings in updated version of group critical illness cover

The target market is still medium to large firms but Royal & SunAlliance has made two significant changes to the product to cover what it claims is an underdeveloped part of the market.Firstly, it is now the only group critical illness product on the market to offer employers the option to remove the related conditions […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment