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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Consumers spend far more time concerned with their day-to-day banking and budgeting than they do thinking about their long-term savings Aberdeen Standard head of retirement Gregg McClymont’s recent Money Marketing column correctly identifies the challenge of achieving consumer engagement with pensions. A pensions dashboard solely accessible via the single guidance body is doomed to failure even before […]
Newell Palmer has bought Macclesfield IFA The Acumen Investment Partnership, its 50th acquisition since being set up 25 years ago. The deal adds £35m in funds under management. Acumen’s 119 clients will be serviced by advisers at Newell Palmer’s Wolverhampton office. Acumen senior partner Nick Cosby is retiring from the business. Newell Palmer finance director Kevin […]
With nearly a year and a half still to go until the FCA’s deadline, fund groups are already lining up how they will deliver the prescribed value statements to clients. As part of its asset management market study earlier this year, the FCA imposed a new requirement on asset managers to review and document to […]
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