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Abbey National to launch stakeholder friendly scheme

Abbey National is planning to launch a stakeholder friendly pension this week according to a report in the Financial Times today.

The FT says the plan will have a 1 per cent annual management charge, which is in line with Government recommendations. But its likely to have an initial charge of between 2 and 5 per cent.

The stakeholder friendly scheme will allow the bank&#39s customers to stop and start premiums at anytime.


Aegon UK buys GRE from Sun Life & Provincial Holdings

Aegon UK is to buy the UK life, pensions and unit trust business of Guardian Royal Exchange from its rival Sun Life and Provincial Holdings.The deal will cost Aegon UK £759m. The proceeds of the sale will be used to repay SLPH corporate borrowings.Both groups currently compete with each other in the IFA market through […]

Aegon still on acquisition trail

Aegon is still seeking further UK acquisitions following its purchase of Guardian Royal Exchange&#39s life and pensions business says the Financial Times.The Dutch based group whose UK operations include Scottish Equitable, says it would be interested in other life offices especially mutuals with complementary products to its own.Aegon says the purchase of GRE for £759m, […]

Financial Services well placed to exploit internet

Financial institutions are well placed to exploit the e-commerce revolution according to specialist on-line information providers Derwent Information.The survey focusing on British retail and banking sectors, revealed approximately 87 per cent of financial sector respondents had an e-commerce strategy compared to approximately 26 per cent of those in the retail sector.Derwent also found financial services […]

AIG Life cuts charges to be stakeholder compliant

AIG Life is cutting the annual management charge on its personal pension funds to 1 per cent from 1.1 per cent.The move takes immediate effect and applies to both new and existing policyholders.It means AIG now has two versions of the Personal Pension Bond with one version being compliant in terms of charging structure with […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


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