View more on these topics

Clerical meets the low-charge challenge

Clerical Medical is developing a single platform for flexible bond products to compete with the challenge of low charges across the industry brought about by stakeholder.

The company says the platform gives it the flexibility to bring products to the market quickly as needs change.

Clerical says it is resp onding to the pace of competition and change in the financial services market.

It says life offices are facing a number of pressures, including the Gov ernment increasingly set ting policy around low-charging products such as stakeholder and Cat standards, tough new dem ands from consumers and the continued pressure on margins from product providers and IFAs.

The platform will enable Clerical to vary features such as access to funds, charging structures and commission terms.

Product marketing manager Adrian Smith says: “IFAs will need to change not only for stakeholder pensions but for all product categories. Together, we need to be able to quickly develop propositions for market segments as they change and as new ones emerge. The new platform will enable us to do this.

“From now on, we can more easily and quickly place customer and market needs at the forefront of our product development process.”


Merger madness to create a mega insurance group?

As the tumbleweeds blow round the derelict offices of Equitable Life, the insurance company to end all insurance companies will be born. The merger and acquisition frenzy of 2000 will culminate in the creation of the mighty ScottishAbbeyTSB CGNPru. But will even it be able to put a stop to Alasdair Buch anan making his […]

Premier Portfolio Managers – PII Global Technology Fund

Thursday, 4th January 2001.Type: Sicav.Aim: Growth by investing in technology related companies listed on recognised stock exchanges.Minimum investment: $2,500.Place of registration: Luxemburg.Investment split: 100 per cent in technology related companies.Isa link: No.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 4 per cent, renewal 0.5 per cent.Tel: 01483 306090. 


There are quite a lot of us only too happy to forget 2000 and get on with 2001. In a year which will be remembered for the collapse of our oldest and most prestigious mutual, Equitable Life, practically the only good news was that the millennium bug failed to strike and house prices put on […]

CA wants Govt probe of Axa orphan assets case

The Consumers&#39 Association is calling on Chancellor Gor don Brown to take the FSA to task over its handling of the Axa orphan assets case. Axa won its High Court battle against policyholders who had demanded a higher proportion of its inherited estate. The CA is waiting for an explanation of the ruling before deciding […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm