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Clerical celebrates top return

Clerical Medical is celebrating the fifth anniversary of its with-profits bond as the latest figures indicate the product is top of the table.

The life office says the bond is offering an annualised return of 10.65 per cent and, if £10,000 were invested five years ago, it would be worth £16,585 today.

The figures compiled by Clerical Medical and MoneyFacts show the next highest return is from Scottish Mutual with 10.6 per cent.

Senior sales development executive Richard Edwards says: “Clerical Medical has always demonstrated its long-term with-profits strength.”


Sun Bank launches “Stretch” flexible mortgage

Sunbank announces the launch of its flexible mortgage which it says offers the customer more choice than existing products. The “Stretch” mortgage&#39 s features include a guaranteed seven day turnaround to offer, immediate access to payment holidays, simple lending criteria and special status for self-employed customers. These are in addition the normal over/under-payment facilities associated […]

Some IFAs just take the biscuit

With their very livelihoods under threat thanks to ever tightening margins under stakeholder pensions, you might have thought IFAs had serious matters to worry about.But not it seems, if IFA feedback from Scottish Equitable&#39s recent stakeholder pensions roadshows are anything to go by.“The seating was very cramped (and I&#39m not a fat *******)” said one.“More […]

Drawdown rawbacks

There could be a nasty shock in store for people taking income drawdown.Many IFAs recommend drawdown for clients at retirement as a flexible method of providing an income and keeping control of the capital. But it is important to be aware of one potential problem that could happen without a little foresight.The amount of income […]


Homing in on endowments

Following the introduction of Friends Provident&#39s Homebuyer mortgage endowment, we asked our broker panel to compare it with two existing products, Home Purchaser from Scottish Amicable and Homeplan from Standard Life.Looking at how well the Friends Provident product fits into the market compared with the other plans, Riach says: “Unfavourable media comments relating to mortgage […]


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