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CTC launches stakeholder pension admin system

Financial services computer software specialists Chambers Townsend Consultancy has launched an administration and communications system for stakeholder pension schemes.

The &#39e-stakeholder&#39 package is designed to cut down on needless paperwork and duplication of information.

It can be used by anyone wishing to offer a stakeholder pension scheme, from insurance companies to trade unions and employers.

The system provides stakeholder members on-line access to benefit statements, investment performance information and pension projections.

CTC director Nigel Chambers says: &#34There should be no argument that internet technology will be the key to delivery of stakeholder.

&#34There is a tremendous paper trail involved in pensions which an effective internet system can eliminate, look at the US&#39 approach to 401Ks.&#34


Royal & SunAlliance launches 100 per cent flexible mortgage

Royal & SunAlliance Life & pensions has teamed up with the Royal Bank of Scotland to offer a 100 per cent loan to value flexible mortgage.The loan has a standard variable rate of 6.85 per cent and allows borrowers to add legal and survey fees to the loan, subject to a maximum of £1,000.Procuration fees […]

National Savings launches Tessa Isa

National Savings is launching a Tessa Isa for investors offering investors 5.75 per cent gross.The Tessa Isa guarantees to pay an interest rate equal to or higher than the Bank of England&#39s base rate until April 2000.The Tessa Isa is only available to savers with maturing Tessas.The minimum investment is £10, with a maximum of […]

Scottish Value Management aims for bigger IFA presence

Scottish Value Management is attempting to increase its presence in the IFA market with the launch its Low Risk Asset Fund.The fund is registered offshore in the Cayman Islands and listed in Dublin. It is denominated in US dollars.It primarily invests in traded endowment policies, but will also consider investing in other asset classes.The fund […]

Industry trade bodies discuss merger

The new director general of the ABI is planning a radical shake up of the financial services industry trade bodies according to a report in today&#39s Daily Telegraph.The ABI&#39s Mary Francis aims to forge a three way merger creating a &#39super trade body,&#39 which will consist of the ABI, Autif and the British Bankers Association.The […]


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