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Clerical Medical simplifies pensions pricing structure

Clerical Medical is simplifying its pricing structure for pensions business in a bid to attract Section 32A transfer business.

The new pricing structure involves no policy fee, bid/offer spread or interim charge. The surrender penalty is two per cent in year one and one per cent in year two.

There is a one per cent annual management charge and commission is four per cent plus lautro.

The life office has also revealed plans to accept contracted in money purchase scheme transfer business from 18 January next year.


EFM reinforces IFA sales team

Edinburgh Fund Managers is strengthening its IFA support team by appointing three new members to deal with increased sales activity.Stuart Smith, Gregor Munro and Denise Dobson will tackle technical and routine enquiries from IFAs and try to develop relationships with IFAs nationwide in conjunction with the sales team.IFA marketing manager Marianne Cantley says: &#34With continuing […]

Family seeks pensions role with search for benefit and fund management firms

Family Assurance Friendly Society is in talks to buy an employee benefits firm and a fund manager in deals worth £20m.Family is aiming to move into the employee benefits and private medical insurance markets through the deals.The friendly society is courting a firm that specialises in managing group personal pensions and an employee benefits firm. […]

Woolwich offers two new capped-rate mortgages

Woolwich Building Society says it is introducing two capped-rate mortgages and a buy-to-let scheme to demonstrate its commitment to improving consumer choice.The Open plan will be capped for five years at 6.89 per cent and offer loans up to 90 per cent of value.The Traditional five-year plan will be capped at 6.99 per cent and […]

IFAs team up to form ethical investment group

Winterthur Life is adding a tracker fund to its range of investment funds available in its company and individual pensions range. The Winterthur Life All-Share Tracker Fund invests wholly in the Barclays Global Investors pooled Aquila Life UK Equity Index Fund, which tracks the performance of the FTSE All-Share Index.


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