View more on these topics

CGU launches new Personal Pension Plans

PENSIONS


CGU


PERSONAL PENSIONS


Type: Unit-linked individual and group personal pension plans available as a single contribution option or in two regular contribution versions: Optimiser – maximising maturity values or Lifestyler – maximising transfer and paid up values.


Minimum premium: Single – initial £2,000, additions £500. Regular – initial £50 a month or £500 a year, additions £5 a month.


Minimum-maximum ages: 16 – 72.


Fund links: Unitised with-profit, safety net, long gilt portfolio, fixed interest, index linked, secure growth, managed, UK equity, property, pension assured, blue chip tracker, overseas equity, American, Pacific, Japan and European.


Charges: Single – initial – 5 per cent, policy fee – £1.25 a month, annual – 0.625 per cent. Optimiser and Lifestyler – initial – 5 per cent, policy fee – £2.50 a month (£1.75 on paid up plans), annual – 0.625 per cent and plan management charge (Lifestyler only) – 0.375 per cent a year.


Allocation rates: Single – up to £4,999 – 98 per cent, £5,000 to £9,999 – 100 per cent, £10,000 to £14,999 – 101 per cent and £15,000 plus – 102 per cent. Allocation rate is reduced on a sliding scale of 5 per cent in year one reducing by 0.5 per cent a year until 0.5 per cent in year ten for single premiums with 10 years or less to retirement. Optimiser and Lifestyler – 95 per cent.


Minimum term: Two years.


Options: Premium holidays, waiver of premium, free switching, portability between plans, automatic investment strategy.


Special offer: Single premiums – 1 per cent increased allocation.


Offer period: Until further notice.


Commission: Single – 4 per cent plus uplift. Regular – range of commission structures available including, level up to 7 per cent plus uplift, or initial up to 25 per cent of Lautro plus uplift and renewal 2.5 per cent or fund based commission ranging from nil to 1 per cent.


Tel: 01904 452476.


Recommended

Furness Building Society fixes at 6.5 per cent for five years

Furness Building SocietyFIXED RATE MORTGAGEFixed term: Until September 30, 2003.Fixed rate: 6.5 per cent.Minimum loan: £20,000.Maximum loan: Up to 80 per cent of valuation subject to a maximum of £250,000.Income multiples: Three times principal income plus second or 2.5 times joint.Arrangement fee: £295.Redemption fee: 5 per cent in first five years.Conditions: None, but free accident, […]

Royal & SunAlliance relaunches its Unit Trust Peps

PEPSRoyal & SunAlliance InvestmentsUNIT TRUST PEPSAim: To achieve capital growth and/or income through investment in Royal & SunAlliance&#39s unit trust range.Minimum investment: Single – £1,000, additions – £1,000 and regular – £50. Investment choice: Equity income, equity, FTSE 100 tracker, European, UK smaller companies, portfolio, managed, growth & income and North America.Yield: Ranges from 0.28 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment