Cookies on the PFS website

By using and browsing the PFS website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Personal Finance Society
Recently added to my basket
 
Sorry but there was an error adding this to your basket. Please try adding it again
 
Your online repository of news, technical and market information
Learn more »

Articles

My PFS Technical news - 12/06/18

12 June 2018
Personal Finance Society news update from the 24th May to 6th June 2018.    Read more »

Not already a member?

Members get access to a range of benefits, including quality CPD and discounts on CII exams.

Mortgage market review - June 2018 »

Mortgage market update for June 2018

Protection market review - June 2018 »

Protection market update for June 2018

Is Italy really in crisis? »

The word ‘crisis’ is defined in the Oxford English Dictionary as “a time of intense difficulty or danger”. This implies that it is extreme circumstances that usually cause a crisis. So how do the recent Italian political worries stack up on this definition? On the surface, there isn’t much to worry about. There’s nothing extreme about a political stalemate in a country which has had nearly 70 different governments since the war. There’s also nothing extreme about voting into government a political party set-up by a comedian in a country that gave Silvio Berlusconi four shots at running the government. However, when politics, extreme or not, could impact the economic situation, investors tend to take note.

Bringing a trust to an end »

A recent question asked by an adviser has raised an issue which, while seemingly straightforward, may not always be so.  

Some time ago Mrs C created a “Bypass trust” as a potential recipient of the death benefits under her pension scheme. Like most such trusts, the trust was created with only £10. Under this particular trust the settlor named a protector, i.e. the person who would exercise certain rights after the death of the settlor. Obviously, nothing much was going to happen with this trust until the settlor died and the death benefits became payable. The settlor named her husband as the protector (again, the usual choice for married individuals). Unfortunately, the couple are now in the process of divorcing and it has come to light that the trust did not include any provisions for the removal or change of the protector. It was therefore decided to terminate the trust. So, how could this be done?

Insurance Institute of London

The Insurance Institute of London (IIL) aims to raise the levels of professional knowledge of those working in insurance in London and assists members in their career development and supports the role and work of the CII. Podcasts, videos and lecture notes from past IIL lectures are available on this site.


IIL lectures »

Policy and Public Affairs

The CII is committed to enhancing the reputation and standing of the insurance and financial services sector. To support this, Policy and Public Affairs produce material covering a wide range of subjects including UK and European regulation, industry developments, legislation and regular public affairs updates.


Policy research »