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Axa Sun Life offers external fund links

Axa Sun Life is giving its pension fund clients access to a range of externally managed funds for the first time.

Members of group personal pension plans, money purchase occupational schemes and income drawdown plans will be able to choose from six external funds and an Axa managed tracker fund.

The external funds will be managed by Baillie Gifford, Framlington, Flemings and Newton.

Charges on the external funds will be 0.2 to 0.3 per cent above the standard range.


Norwich & Peterborough team up with Cable & Wireless

Norwich and Peterborough Building Society is teaming up with Cable & Wireless to provide a free online banking service.It will release a CD-Rom which will allow consumers to access Netmaster Internet banking service.N&P assistant general manager Matthew Gledhill says: &#34Many people are interested in the internet and online banking but just don&#39t know how to […]

Standard Life takes £3.2bn mortgage advances

The new freestyle mortgage from Standard Life has received £3.2bn worth of mortgage applications since its January launch.The lender says that 40,000 customers have expressed an interest, with 20,000 agreements in principle arranged and 16,000 valuations have been instructed.Standard Life Bank managing director Jim Spowart says: &#34We are extremely pleased by the fantastic response to […]

David Aaron says Budget neutral for investors

The David Aaron Partnership has pronounced the Budget a neutral one for investors.It says that investors will benefit from measures such as the decrease in corporation tax, the increased CGT threshold and the increase in the earnings cap.But there are also bad points such as the imposition of stamp duty om unit trusts.Senior partner David […]

BGI Endowment Fund falls short of target

Guernsey based traded endowment company BGI Endowment Fund III Ltd, has failed to live up to expectations.Barclays Global Investors had hoped to raise £30m with this its third version of the fund. However, only 12,854,000 share applications at 100p a share were received, this was in addition to the 7,199,000 already placed.According to BGI, it […]

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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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