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Axa Sun Life launches simplified with-profits annuity

Axa Sun Life is launching a simplified with-profits annuity with a bias towards equity investment.

Retirement specialist The Annuity Bureau has welcomed the launch saying it is likely to prove popular with people willing to take a small amount of risk with their pension fund in the hope of future returns.

The bureau&#39s managing director Peter Quinton says: &#34Although the new product is called a with-profit annuity, it is quite different from the standard with-profit annuities currently available.

&#34This is primarily because it offers an underlying guarantee preventing income from falling to less than the original amount of the annuity.&#34


IFA to be winners in Scottish Equitable marketing campaign

Scottish Equitable is giving away top of the range Pentium II PC notebook&#39s in a competition to mark its marketing campaign for group pension technology.The campaign highlights the time that could be saved by utilising its latest technology, which includes its SmartScheme CD-Rom.The competition requires IFAs to collect eight CD icons from within the SmartScheme […]

Friends Provident reports 64 per cent jump in new business

Friends Provident have reported a 64 per cent jump in new business premiums for the first half of 1999.The life office says equivalent premium income was up £74m to £189m from £115m compared to the same period last year.Single premium business saw the greatest rise, up 107 per cent to £1,010m fro £487m last year, […]

Northern Venture Capital Trust 2 raises £20.8m

Venture capital trust Northern 2 VCT is closing its share issue after raising £20.8m from over 1,200 private investors.The trust, managed by Northern Venture Managers, will have a generalist theme investing in a range of companies.It will invest 75 per cent of the capital in later stage deals of up to £3m, but averaging £1m.The […]

CGU wins British insurance award

CGU Direct Financial Services has scooped the prize of best life and pensions sales force at the fifth annual British Insurance Awards.The insurance awards aim to reward companies for demonstrating best practice, professional competitive spirit and service to the public.The awards are designed as a benchmark for quality service within the industry.The award was presented […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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