Britannia Life fined £500,000 over pensions review

Financial Options Group is calling for firms paying 3 per cent or more into company group personal pension schemes to be exempted from having to offer Stakeholder pensions.In its response to the Department of Social Security&#39s Consultation Brief No. 2, the network says if a GPP scheme meets the necessary standards there should not be […]

Scottish Friendly sales leapt 40 per cent over the first six months of 1999 compared to the same period last year according to the company.The friendly society reported a record increase in life and pensions sales of £1.8m to £6.2m from £4.4m over the same period last year.Scottish Friendly puts these record sales down to […]

Scottish Building Society has cut its mortgage base rate by 0.15 per cent.The cut reduces the Society&#39s base rate to 6.6 per cent from 6.75 per cent. It is applicable to both new and existing customers, and takes immediate effect.

IFAs won 40 per cent of Pep sales in the first quarter of 1999 according to figures released from IFA Promotion.The final dash for Peps saw IFAs record Pep sales of £1.95bn of the total£4.88bn Peps sold during the quarter compared to last year when IFAs wrote 31 per cent of the Pep total.IFAs continued […]