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LIFE & PENSION NEWS RECAP – MOVING TO IRELAND, FREE MONEY, BLOCKCHAIN & ROBO ADVICE

LIFE & PENSION NEWS RECAP – MOVING TO IRELAND, FREE MONEY, BLOCKCHAIN & ROBO ADVICE

017 is off to a very busy start, here are just some of main stories happening in the industry from last week

INSURANCE COMPANY HIRING MORE STAFF IN IRELAND

...UK based insurer Beazley will hire additional staff in Dublin to establish a European insurance company after Brexit vote, its chief executive has said....

..."We are establishing our insurance company [in Dublin] irrespective of when the Brexit application goes in....

Read More: Major UK insurance company to hire additional staff in Ireland as Brexit looms

UK TO ALLOW FOR FREE PENSION ADVICE

...UK savers planning their retirement will be able to withdraw up to £1,500from their pension pots tax-free to pay for financial advice....

...It can also be redeemed against the cost of regulated financial advice, including ‘robo advice’, as well as traditional face-to-face advice...

Read More : UK introduces £1,500 tax free pension advice allowance

COMPANY LAUNCHING AN INSURANCE BLOCKCHAIN PLATFROM

...The YoCoin Insurance platform exploits various features of cryptocurrency blockchain including storage of financial transactions, forecasting, smart contracts, etc. to offer innovative smart contract-based insurance policies....

...The YoCoin Insurance platform can be used to issue insurance policies and bonds....

Read More: YoCoin Launches a Decentralized Blockchain-Based Insurance Platform

US CONSUMERS WOULD WELCOME ROBO ADVICE

...Investors have rapidly embraced robo-advisers, investment platforms that rely on data and algorithms instead of flesh-and-blood finance professionals to administer portfolios....

...79% would use it for investment advice...

Read More:Most consumers welcome robo-advice for banking, insurance and retirement services

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