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Apcims reports rise in private client business

CGU is launching a with profit annuity aimed at pensioners looking to make the most of their pension funds.


The with-profits annuity will provide a viable alternative to traditional annuity schemes which have suffered from falling returns in recent years.


The new annuity is available to funds with a minimum of £15,000 and will allow clients to withdraw up to 5 per cent a year from their final pension pot. The remaining fund is left to grow through the addition of annual reversionary bonuses.


Initial commission is 1 per cent plus uplift.

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By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

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