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Actuary warning on pension transfers

Too much emphasis is being placed on critical yield and not enough on other factors, leading to IFAs failing to recommend pension transfers when they should, says actuarial firm Mark Lloyd & Co. The firm says the potential for current low stockmarket values to rise and funding deficits in final salary schemes means switching is more attractive than many IFAs think.

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RBSI bond promotes currency choice

Royal Bank of Scotland International has established a guaranteed equity bond that is available in sterling, dollar or euro currency denominations.The bonus builder account is linked to the FTSE 100, S&P 500 and Dow Jones Eurostoxx 50 indices during a three-year term. The returns investors get will depend on the performance of these indices and […]

Skandia set to sell two 5% stakes in Bankhall

Skandia is selling two 5 per cent stakes in Bankhall to rival product providers while looking at other acquisitions in the IFA sector.The life office is believed to have instructed a merchant bank to offer stakes in the IFA service company to other product providers.It paid £150m for 86 per cent of Bankhall last December. […]

Aberdeen and Schroders announce fund manager losses

Fund managers Aberdeen and Schroders have announced a number of fund managers leaving on their US and UK desks.Aberdeen has announced in a restructuring of its retail side that managers of its North American fund Rubert Della-Porter and Rupert Howard have left the company. Former co-manager Alex Ingham is to take over the running of […]

&#39Pensions will beat the performance of buy to let and Isas&#39

Pensions remain the best retirement savings vehicle and will outperform long-term saving in an Isa or property, Legal & General pensions strategy manager Adrian Boulding argued at last week&#39s Pensions in Crisis conference in London.Taking a swipe at the buy-to-let market, Boulding told the conference that tax relief on pensions coupled with historic long-term returns […]

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