For each policy/account set-up, providers aim to recoup costs of acquiring the business, such as commission, sales and marketing costs, policy set-up, investment fees, and ongoing servicing costs. Finally, an allowance is...
Achieving above average investment performance is important; particularly for members of defined contribution (DC) schemes. To put this in perspective, outperforming the market by just 1% per annum would more than offset...
Effective employee communication is a proven way to increase take-up. Providers and intermediaries can help to get information across to employees using emails, online tools, brochures, websites, posters, presentations, text messages, articles,...
The provider is piling on the pressure at a time when the Government has called for an urgent review of the NHS's policy of denying services to patients who top up their...
The actuarial consultancy points out that those individuals who have registered for enhanced protection will see it invalidated by being auto-enrolled into the Government's new personal accounts scheme.Individuals who had built up...
Cazalet has modeled returns for a range of investors with different incomes, ages, contributions and lapse rates and uncovered a wide range of outcomes.Assuming an investment return of 7 per cent and...
The changes are designed to allow for the fact that the Employment & Support Allowance (ESA), which comes into force on 28 October 2008 will provide a lower rate of benefit compared...
The insurer says it will also offer cover for people who have had a range of other potentially serious illnesses, such as cancer, paraplegia, back pain and diabetes.Unum predicts its cover will...
The DWP is also seeking views on whether greater risk sharing could be accommodated without major changes to the existing legislative framework.It has also announced that it intends to amend the current...
There is no denying the fact that the majority of us are feeling the effects of the credit crunch and one of the best loved ways to help staff with families is...
