View more on these topics

Clerical widens range of drawdown options plan

Clerical Medical is launching an updated version of its inc-ome-drawdown retirements options plan, with a wider range of benefits and a simplified charging structure.

Changes include a wider range of investment funds from HBOS&#39s asset management arm Insight Investment as well as external fund managers.

The new charging structure gives a 100 per cent allocation rate on all funds of £100,000 and over, with an additional 0.5 per cent allocation offer to the end of December. Funds over £200,000 benefit from a further fund bonus.

Commission options range from up to 1 per cent a year, initial commission of 5 per cent or a combination of both.

The plan is administered by James Hay and there is a full self-investment option.

Clerical Medical is offering an adviser support pack which includes guides for advisers and clients as well as separate brochures covering commission, charges and fund options.

Post-retirement planning marketing manager Nick Cooper says: “The retirement planning market is increasing in importance by leaps and bounds. To compete in the modern world of holistic financial planning, advisers need to have products that meet the wide range of requirements of their clients.

“Consumers are looking for flexibility and choice in their retirement and our retirement options plan is designed to meet the specific needs of consumers. Our technical and sales support to intermediaries advising on this complex area of retirement planning, tog-ether with these new attractive benefits, will enable advisers to offer the most up-to-date solution to their clients&#39 retirement needs.”


Widows ponders offshore comeback

Scottish Widows is believed to be considering starting a new international operation two years after closing its Scottish Widows International arm. The firm has been in talks with key providers and IFAs in the offshore sector and is looking at the possibility of white-labelling a product from one of the leading providers to cut down […]

Aifa&#39s View

I did enjoy my holiday but I could have done without a return marred by the continuing Financial Services Compensation Scheme saga. I would also prefer to be able to give a more upbeat assessment of this situation than a comment that discussions with regulator and providers are continuing. But that is where we are […]

IFAs paying FSA fees by direct debit will not be penalised

Many of the IFAs who have not yet paid their FSA fees will not face penalties bec-ause they are paying by direct debit while some companies have not yet received their invoices. Last week, FSA mana-ging director David Kenmir said only 388 IFAs had paid their fees despite 3,627 invoices being sent out. The deadline […]

Takeover choice splits IFAs

IFAs are split between a takeover of Abbey by Santander or HBOS. Fifty-one per cent of IFAs say they would prefer Santander Central Hispano while 49 per cent support HBOS. HBOS has yet to decide if it will make a formal bid for Abbey while Santander told IFAs last week it would be able to […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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