Standard Life head of media relations for life and pensions Peter Timberlake has left the firm after an internal restructure which meant his role was merged with another. Former head of corporate affairs for Standard Life Healthcare Paul Lynes takes on the newly created role of head of media and public affairs.
The FSA has sent a Dear CEO letter to insurers, warning that it has uncovered worrying practices in open and closed with-profits funds involving standards of governance and run-off plans.The letter highlights practices that the regulator observed as part of two reviews, one focusing on the governance arrangements of all with-profits funds and one on […]
Emerging markets are in good shape to withstand any weakness in the US
Generally speaking, I have always tried to steer clear of writing about payment protection insurance in this column. PPI is not a product that, traditionally, has generated much interest from IFAs, so, a bit like current accounts, there does not seem to be much point in harping on about the subject more than once or twice a year.
The Association of British Insurers has made changes to its classification system for life and pension funds effective from January 25 2008.The key changes include new criteria for mixed asset fund sectors, including labels to highlight the equity exposure of managed fund sectors and three new fixed interest fund sectors.The ABI is also introducing new […]
By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner. Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]
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Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]
Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]