Personal Finance Society chairman Bob Bullivant will chair the income protection working party set up by Peter le Beau and Clive Waller. The income protection taskforce will include providers, reinsurers and intermediaries to promote public awareness of IP and to try turn round poor sales performance.
Abbey has set up its eighth guaranteed income bond. The single-premium life insurance investment plan guarantees a fixed income and a full return of capital if the bond is held for its four-year term. Abbey is offering investors the choice of either monthly or quarterly income of 3.77 per cent a year or an annual […]
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
National IFA LEBC has come out in favour of the FCA’s plans to extend the maximum compensation amount the Financial Ombudsman Service can require firms to pay. The regulator said yesterday that the cap should increase from £150,000 to £350,000. Adviser and wealth manager trade body Pimfa criticised the proposals, arguing they could drive advisers out of […]
The New Model Business Academy is set to launch its long-awaited paraplanning apprenticeship after it was shelved earlier this year due to lack of funding. Speaking to Money Marketing, NMBA director Tom Hegarty says a 1 August application through the Education and Skills Funding Agency for further funding was confirmed last Wednesday. While the sum […]
With markets generally positive since they arrived, have pension freedoms really been tested yet? With the advent of pension freedoms, advisers are increasingly looking for a safe harbour that provides some guarantees of their clients’ income, while retaining a lump sum for their heirs. But trying to manage a portfolio that can achieve this is […]