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News

Group Protection

Jelf predicts group risk sales to grow next year

Jelf Employee Benefits has predicted an upturn in group risk consultations in 2012.

clock 08 December 2011 •

Regulation

FSA warns investors of GAM clone

The Financial Services Authority (FSA) has warned investors against dealing with a clone of asset manager GAM.

clock 08 December 2011 •

Long Term Care

Brits world's worst in LTC preperation

Britons are the least likely people in the world to think they need to save for future long-term care costs, an international survey has found.

clock 08 December 2011 •

Economics / Markets

BoE holds interest rates but ECB cuts to 1%

The Bank of England's Monetary Policy Committee has once again kept interest rates on hold at 0.5% and left QE unchanged at £275bn, but the European Central Bank has cut rates back to their historic low of 1%.

clock 08 December 2011 •

uncategorised

Poor IFA demand shuts James Hay family SIPP

James Hay Partnership is to close its family SIPP product to new business due to a lack of adviser demand.

clock 08 December 2011 •

Protection

Treasury opens consultation on ECJ gender ruling

The government has begun consulting on how insurers can use gender as a risk factor after a European Court of Justice ruling said providers could not charge different premiums to men and women because of their sex.

clock 08 December 2011 •

Wrap/platforms

Transact fined £3.5m for client money breaches

The FSA has fined Integrated Financial Arrangements plc, which offers the Transact platform, £3.5m for failings in relation to its protection of client money over an eight-and-a-half year period.

clock 08 December 2011 •

uncategorised

Govt lifts lowest paid NHS workers out of pension reform

The government has exempted the lowest paid members of the NHS pension scheme from reforms next year.

clock 08 December 2011 •

PMI

OFT refers private healthcare market to Competition Commission

The Office of Fair Trading has referred the private healthcare market to the Competition Commission (CC) and revealed a move by the FSA, ABI and health insurers to better inform customers.

clock 08 December 2011 •

uncategorised

HMRC consults on tougher QROPS rules

Her Majesty's Revenue and Customs (HMRC) has proposed a new set of rules to cut down on the abuse of qualifying recognised overseas pension schemes (QROPS).

clock 08 December 2011 •
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