WPA is doubling its discount for health and dental plans bought online from 10 per cent to 20 per cent. The discounts apply to premiums quoted for Providential, mini-cashplan and XS health as well as flexible health, flexible health freelance and professional health PMI plans.
The pension industry is warning the Treasury that trying to axe Asps could be a dicey move, says James SalmonAn inside source at the Treasury accuses tax advisers of “wilfully seeking to abuse” Asps, which were set up as a special concession for a select group of people with a religious objection to annuitisation and […]
Aifa is on a collision course with the Treasury after urg- ing advisers to continue recommending alternatively secured pensions to clients despite warnings from the Treasury that it will scrap Asps if they do. The Treasury is now considering all options to ensure that Asps are used exclu- sively for religious groups with moral objections […]
Woolwich has moved to calm broker fears by announcing it is planning to upgrade its retention scheme to include regulated mortgages. It is also considering plans to pay full proc fees on retained business rather than the current rate of 0.2 per cent. The lender currently pays retention fees only on mortgages sold before M-Day […]
Kevin Duffy, Mortgage View
After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.
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The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]