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Axa launches A-Day web calculator

Axa is launching an A-Day web based calculator for financial advisers to see how clients tax-free cash is affected by pension simplification.

The tool will help advisers calculate estimated tax-free cash values for pension scheme members under current rules so they can advise clients on how to protect these rights following the introduction of the new maximum limits at A-Day.

Senior technical sales manager Tim Rees says: The Axa tax-free cash calculator will enable pension scheme trustees and their advisers to get a good idea of which members are likely to be affected by the A-Day rules which will limit tax-free cash rights to a maximum of 25 per cent of their fund.


Schroders launches global property securities fund

Schroders has launched its Schroder global property securities fund which opens to investors on December 9 2005. The fund is launched through an alliance between Schroders and US-based global property securities manager EII. The fund’s investment adviser is EII investment manager Jim Rehlaender, supported by two fund managers and a team of five analysts. The […]

Heed stakeholder failure, warns ABI

The ABI says the report should take lessons from the failure of stakeholder and seek to close the savings gap rather than create further delays to reform.

BBB suspends trading of its shares

Berkeley Berry Birch has suspended trading in its shares pending clarification of its financial position as well as appointing a new chairman.The firm says it has referred the FSA notices from July, cancelling the permissions of its three regulated businesses due to regulatory capital shortfalls, to the Financial Services and Markets Tribunal and says until […]

Get into gearing

Our panel compare offshore bonds with their onshore counterparts and discuss how introducing Reits could affect the market


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