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Clerical Medical launches stakeholder-style terms

Clerical Medical have launched new stakeholder-style contract terms as an additional option in its group pension product Staff-Link.

The move follows its provision of pre-stakeholder support measures for IFAs designed to secure a major position in the stakeholder market.

The new stakeholder-style price ranges from a 1 per cent reduction-in-yield for a basic scheme where commission is taken, down to 0.55 per cent RIY for larger schemes where commission is waived.

Sales development manager Martyn Nethercott says: “IFAs will look to offices with the financial strength to compete long-term in such a competitive market. I think they will have to reject those whose ambition is not matched by their financial position.”


Ethical trusts smash £2bn mark

Ethical unit trusts have passed the £2bn mark for funds under management, an increase of 35 per cent since last March. Nine new funds have entered the market in the past year, bringing the total to 34 and confirming a steady upward trend in their popularity.Investors can choose funds promoting their personal ethical objectives and […]

Consumers to get share prices through their mobiles

TD Waterhouse the online stockbroker is to be the first to give UK investors share prices, index data and news via WAP mobile phones.Full WAP (wireless application protocol) trading will be rolled out within two months, with trading fees the same as over the internet.Analysts who welcome the decision stress that it is more important […]

Minister urges pensions investment in developing countries

A Government minister is urging pension funds to invest more in developing countries.It is also backing multi-national companies operating in developing countries who were targeted by anti-world trade organisation activists.UK pension funds control assets of £800bn and own more than a third of the London stock exchange.International development secretary Clare Short says: “We want to […]

Unit trust and Oeic investors shun regular savings

The majority of unit trust and Oeic investors are shunning regular saving for lump sum investing with average monthly investment at its lowest for years.Just over 30 per cent of investors choose to invest regularly compared to 73 per cent who prefer lump sum investments. The average monthly investment is £85 compared to £100 in […]


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