Industry News

Reinsurer says certain death benefits are overlooked
RGA warns advisers their customers could be missing out on benefits when claiming under life policies.
Advisers urge Scot Wids to focus on CI and IP innovation
Advisers call on Scottish Widows to focus on CI and IP following re-entry into IFA protection space.
BM Solutions to cut B2L fixed rates by up to 0.3%
Two-year products up to 75% LTV cut by 0.3%.
Pru rolls out financial planning service
Service will target existing customers who came to the Pru through its direct sales force.
How the Chancellor's new control powers will work
Power depends on Bank informing Chancellor of material risk to public funds - but what if governor and Chancellor disagree, again.
Lloyds announces nearly 1,000 job cuts
Bank is closing its Romford, Newcastle and Scunthorpe site, with its Leeds site also impacted.
Scot Wids to re-enter IFA annuity market and exit offshore bonds
Provider is also researching future entry into the IFA protection market following a strategic review.
Chancellor defends FPC selection criteria
Osborne says he wants FPC members to have “broad and current” experience but says legislating for qualifications would be a mistake.
NAB to carry out strategic review of Clydesdale and Yorkshire
UK economic performance and eurozone crisis prompts review of UK businesses.
Labour demands greater focus on consumer protection
Labour has called for a raft of changes to the Government’s financial regulation plans before it will back the proposals.
Just Retirement Q2 sales rise 30% to £324m
Provider reports £74m increase in new business in the final three months of 2011, driven by strong annuity and equity release sales.
Schroders to launch strategic bond fund
Schroders is to launch a strategic bond fund for ex-GLG manager Gareth Isaac and former UBS head Bob Jolly.
Government ignores TSC warnings over BofE governance
TSC not given veto over future Bank governor appointments.
Bright Grey and Scot Prov record 17% new business increase
Asset management new business falls, but Royal London’s total life and pension business up 6 per cent.