Abbey for Intermediaries has extended the availability of its Choice Income Bond, which will now remain open until December 15. Initially intended only to be available until December 9, the Scottish Mutual bond offers a choice of fixed annual or monthly income or growth at the end of the five-year term.
The minimum investment is £10,000, with a maximum of £250,000 and commission of 3 per cent is paid, with a give-up option of a maximum 3 per cent.
As FSA spokesman for the probe into the extent to which IFAs trust providers' marketing material, Rob McIvor says the buck stops with the adviser. So that's it then, case closed, throw away the keys, we are obviously all guilty for believing that what we read is true. But is that a fair basis on […]
The FSA is launching an investigation into the extent to which IFAs trust product providers' literature. This has been hastened by the precipice bond problems and the split-capital debacle. The IFAs I come across do not glibly accept all they read and Plan Invest has a reasonable record in questioning marketing material, going back to […]
The Prime Minister is understood to be calling on the Treasury to relax the proposed £1.4m lifetime limit for executives whose companies contribute to pensions for their staff. The Treasury is continuing to review whether the lifetime pension fund limit should be raised, indexed to wages rather than prices and whether funds over the limit […]
Type: Budget individual private medical insurance Minimum-maximum ages: 45-79 Minimum premiums: Selected self pay level £1,500 - £42.19 level 1 hospitals, £33.70 a month level 2 hospitals, selected self-pay level £3,000 - £31.10 a month level 1 hospitals, £25.54 a month level 2 hospitals, selected self-pay level £5,000 - £25.32 a month level 1 hospitals, […]
Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]
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Its Dear CEO letter to providers shows the regulator expects future fallout within the industry In comparison to the timescale of the pending judgment in Adams vs Carey Pensions, the Court of Appeal judgment in Berkeley Burke vs Financial Ombudsman Service went through at breakneck speed. Although on face value the two cases cover similar […]
More than half of retirees have not decreased their rate of drawdown as a result of global market volatility, Aegon research shows. FCA data showed in September 2018 that those taking regular sums from drawdown (or uncrystallised funds pension lump sum) policies have increased their rate of withdrawal from 4.7 per cent in 2016-17 to […]
The Advertising Standards Authority has upheld complaints against a brace of property management services, in both cases for advertising guaranteed rental income. In the first case, the website for Victoria Knight boasted that a fixed monthly rental income was assured, which was challenged as being misleading because it “suggested rent would be guaranteed in all […]
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