View more on these topics

Clerical self-invest deal for FutureProof

Clerical Medical has set up a self-invested fund allowing its FutureProof individual pension plan customers a wide range of investment opportunities, including commercial property and equities.

The fund is available to customers with a minimum of £100,000 in their individual pension plan who want to invest at least £10,000 into a self-invested fund. Up to 100 per cent of funds can be self-invested.

Features of the self-investment fund include tax benefits, ranging from income tax relief on payments, VAT and income tax efficiency on the cost of advice and the ability to invest pre-funded tax relief on contributions.

Customers can place funds in a wide range of investments, including commercial property in the UK, shares listed on any Revenue & Customs-recognised stock exchange and unit trusts.

Customers will only pay charges for self-investment if their SIF account is activated. If funds are moved back to the Clerical insured pension funds, the charges will cease.

Marketing and distribution director Paul McNam-ara says: “Customers now have this sophisticated option to self-invest while taking advantage of the low charges on Clerical Medical’s pension funds.”


Wriglesworth says ban high multiples on variable rates

High income-multiple loans on variable-rate deals could create a misselling crisis and should be banned, claims economist John Wriglesworth.Speaking at the Mortgage Business Expo in London last week, he said there is no problem with lenders offering up to nine times income multiples as long as they are on longterm fixed rates as many people […]

Scottish Life aims at DB outsourcing

Scottish Life is targeting the defined-benefit outsourcing market with a suite of services.The core proposition will comprise actuarial, administration and documentation services, with firms able to bundle in additional services such as specialist accounting and investment management.Head of corporate business Mark Polson says the plan is designed to bridge the gap between self-administered schemes and […]

‘Churning’ points

HBOS has rejected a City analyst’s claim that the company is a “churner”.Aviva, Prudential, Standard Life and HBOS have all been branded “churners” in a new report conducted by Fox-Pitt Kelton. The report, The DNA of Life, measures persistency by calculating whether new business premium growth translates into reserve growth.It claims that HBOS stands out […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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