UK Insurance News

AEGON Scottish Equitable was acknowledged as Best Pension Service provider in the Moneyfacts 2009  Investment Life and Pension Awards announced this week.
In the same category Standard Life were highly commended for their efforts  and Scottish Life were given a commended status in the awards.
Scottish Widows, part of the Lloyds banking group was awarded the Best [...]

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Aviva has announced the launch of a press and television campaign aimed at those of us contemplating retirement, that urges potential retiree’s to shop around for the best annuity rates rather than just accept figures from their current pension provider.
The Insurance company says that it is possible to boost income by as much as 10% [...]

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Unsurprisingly The Pensions Advisory Service (TAPS) has said that complaints received by disgruntled Britons cashing in their individual pension plans have risen by 10% over the last twelve months.
Poor administration, mistakes and delays in obtaining quotes, often resulting in reduced entitlements are the main complaints received by TPAS over the last year.
From a personal perspective [...]

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The report into the failings and near collapse of Equitable Life by Parliamentary Ombudsman Ann Abraham has now been published and will be of particular interest to the millions of investors who lost up to 50% of their pension funds with the company in 2001.
The report, which accuses regulators of comprehensive failure and the Government [...]

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A four year enquiry by Parliamentary Ombudsman Ann Abraham, into the failings of Equitable Life, due to be published next week, could open the door for over one million policy holders to claim compensation from the government.
The report is expected to be particularly damning of the Treasury, Financial Services Authority and the Governments Actuary’s Department [...]

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