Life policies, the state pension and choosing a wealth manager - here's our weekly heads-up of articles in the weekend newspapers that may have caught your clients' attention...
‘My life policy was £158 a month. Now I pay £1,500 This article from The Times, is a contentious one as many financial advisers have taken to social media to bemoan its accuracy and framing. It is about retired adviser Eric Marshall who bought a policy through Scottish Provident, part of the Phoenix Group, that would give him £150,000 when he dies, but claims complications have arisen over the years that make it an unfair purchase. "If I stop paying and cash in the policy, I get nothing and they get to keep all the premiums I have paid for the past 20 years," he says. "If I decide ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes