The Swiss group, which owns British insurers Allied Dunbar and Eagle Star, is thought to have appointed Morgan Stanley, the investment bank, to sell Kemper Life. Such specialist insurers sell group life insurance products to banks which then offer them to their staff. The products allow the banks and the individual members of the scheme to take tax breaks on the premiums paid. But bankers say the market faces an uncertain future - during the Clinton presidency there were two failed attempts to repeal the tax breaks.
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The brokers recommended here are regulated one or more regulating authority like SySEC, FMRRC, FCA (UK), CONSOB and REGAFI. Financial firms received around four times their normal volumes of calls last week as the over-55s rushed to take advantage of the buy out money put option zurich pension freedoms to pay off debts and fund one-off purchases of a lifetime. Some providers were reportedly struggling to answer these queries, with call waiting times of up to two hours.
I have now been given 3 options: 1). Transfer to another occupational pension scheme (not possible as I am still unempolyed) 2). Transfer to a Personal Retirement Bond (Buy-out-Bond) 3). Many thanks. If the scheme is winding up you may be able to transfer to a PRSA as well. Hi both, thanks for the replies. I have sinc.
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