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Bristol & West and Family Assurance launch Protected Savings Plan

Bristol & West and the Family Assurance Friendly Society have joined
forces to launch a new capital protected, tax-exempt product for the
IFA market.
The Protected Savings Plan provides capital protection as well as
taking advantage of friendly society tax-exemption rules, which allow
regular investments of £25 a month over ten years. Also, because
the PSP is written as a friendly society product, the plans can be
written for children.
Available from March 15 to April 1, all contributions are returned at the
end of the initial 10 year term, regardless of stock market
performance. Commission of £80 per plan is available.
Bristol & West head of third party distribution Jim Goddard-Jones
says: “The PSP is a genuine innovation in the use of structured
products in the UK. This project has brought together the experience
and expertise of two very different organisations to produce a product
that has a unique combination of features and provides an ideal
solution for a wide range of needs.”


Chancellor to keep it simple on pensions

It would be nice to predict an unsurprising year for pensions, when everything happens the way it was planned, but recent history suggests otherwise.I expect more defined-benefit schemes to stop future accrual for everyone, as the true impact of Work and Pensions Secretary Andrew Smith&#39s announcement on June 11, 2003 hits employers.The actuarial profession will […]

WP policyholders will get windfalls, says Cizdyn

Standard Life&#39s with-profits policyholders will get substantial windfalls in the likely event that it demutualises, according to insurance analyst Roman Cizdyn. Unlike Ned Cazalet, who says there will be no windfall bonanza, Commerzbank analyst Cizdyn believes policyholders &#45 especially those in Standard&#39s with-profits fund &#45 will see substantial windfalls from any demutualisation. But he does […]

&#39Payout cuts to be in line with rivals&#39

With-profits policyholders have been told by Standard Life that payouts will not be affected immediately and it intends to go ahead with its scheduled annual bonus declaration on January 29. It warns that payouts are likely to be cut to reflect the smoothing carried out in recent years but says any reductions will be “broadly […]

Halifax set to make equityrelease debut

Halifax is believed to be planning a launch into equity release in the next three to four months. Money Marketing understands that the UK&#39s biggest lender is likely to move into the rapidly expanding market in the next few months, marking the first time a member of the HBOS group has made a foray into […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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