Products
Phoenix Life admits error in closing Sipp
The UK’s Pensions Ombudsman has upheld a complaint against insurer Phoenix Life, but absolved financial product provider James Hay of any wrongdoing, after a self-invested personal pension (Sipp) was wrongly disinvested.
EU exit paper gives UK expats a ‘glimmer of hope’
Europe’s own Brexit preparations paper offers international insurance and pension policy holders a way to keep honouring contracts – a cross border lawyer has argued.
Zurich launches fixed-term fund range for Middle East
Zurich Middle East has launched a set of funds that will have fixed end dates to allow clients to save for a specific goal.
Best Practice | 17 Jul 18
Model portfolio risk labels ‘dangerously naive’
The UK’s Financial Conduct Authority has taken aim at risk-targeted model portfolios in its platforms study, which has sparked calls for platform providers to re-evaluate “subjective” branding and the amount of information they disclose.
Glimmer of hope for Brexit-exposed insurers
Cross border insurance products sold in Europe could benefit from a Brexit clause drafted by the International Underwriters Association (IUA), giving some insurers peace of mind amid the uncertainty of the UK leaving the EU.