Zurich has launched a new guaranteed whole-of-life plan, to be marketed as an alternative estate planning tool.The firm says although clients will pay a higher pre-mium for the guaranteed rate than a reviewable rate, it off-ers the peace of mind that many will people need when carrying out their estate planning. The Zurich adaptable life plan has a minimum contribution of £16 a month and is designed with both private and corporate clients in mind. It is available on a single life, joint death, joint life first death or joint life second death basis. Zurich says gifts are sub- ject to the client surviving seven years while death planning via a will might impact on the estate of the surviving spouse or partner. The adaptable life plan can be written into either an absolute or discretionary trust to provide funds for the family to pay the client’s inheritance tax bill. Zurich protection management director Peter Hamilton says: “Inheritance tax is in the public consciousness as never before. “There are various ways to mitigate potential IHT liab- ility but for some people ens-uring funds are available to pay the tax will be the most appropriate and useful route. A whole of life plan with the right trust advice can be a powerful solution. “Offering the guaranteed rates alongside our existing reviewable rates will provide customers with greater choice based on their individual needs as this kind of protection becomes an increasingly important area of the financial planning process.”
Fidelity’s decision to reduce the higher initial charge it had imposed on the UK portion of its special situations fund has certainly rattled a few investment cages this week.
Skandia UK has passed the £25bn funds under man- agement mark for the first time. The company says this makes it the biggest multi- manager business, having pioneered open architecture more than 15 years ago. The £25bn is spread across its self-select fund range, which currently offers more than 400 funds from over 40 fund […]
The Government has attacked the Council of Mortgage Lenders for using “questionable” data in its first-time buyer statistics.The Treasury says it does not recognise any correspondence or messages from the CML about FTBs that are gathered by the trade body because over one fifth of those classed as FTBs by the CML are not actually […]
The FSA says the majority of responses to the Financial Ombudsman Service funding review favoured options E to H, where advisers get between five and 10 free cases with an increasing flat fee.
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]
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Passive assets are on track to surpass active funds in 10 years, according to a new EY report. ETFs will benefit disproportionately from the shift because of their low fees and intraday liquidity in volatile markets, EY says. The Global ETF Research 2017: reshaping around the investor report found 67 per cent of the industry expects most […]
The FCA’s focus on vulnerable customers shows no sign of abating, with its recently published Future Approach to Customers once again highlighting its expectations firms treat them fairly by providing a flexible and tailored response. But just as there is no ‘”one size fits all” definition of vulnerability, there is also no single way to […]
Fiona Gray Financial Planning director on differentiating yourself as a female IFA