View more on these topics

CU simplifies pension plans

Commercial Union has revamped its pension range with the launch of its Lifestyler and Optimiser plans.

CU says it has changed these plans to meet the changing lifestyles and demands of people today. It believes there is a need for a simple and flexible pension products.

The new plans offer two charging alternatives. The Lifestyler is designed to maximise early transfer values whist offering competitive maturity values making it suitable for people with unpredictable life styles and working arrangements.

The Optimiser plan is intended to provide higher maturity values as well as competitive transfer values, making it more suitable for clients in more stable working environments.

Commercial Union is offering these two options as it believes that there is a wide gulf between existing providers which either concentrate on high early transfer or high maturity values. With these plans, it is hoping to bridge this divide.

Overall, the charges appear very competitive with a 5 per cent bid/offer spread and level allocation throughout the term. However, its annual management charge appears to be average for the industry. The plans also benefit from reduced ongoing charges on paid-up values.


LGT asset management division is up for sale

Liechtenstein Global Trust is putting its £63bn asset management division up for sale. LGT, which is privately-owned by Prince Philipp of Liechtenstein, is selling off the fund management arm to concentrate on its private banking division. LGT says it decided to sacrifice its asset management business after realising it had insufficient capital to ensure both […]

Denham decision puts the pressure on trustees

In the brave new world of stakeholder pensions, as the Government has made clear, the need for expensive financial advice will be eliminated. It is ironic, then, that recent Government decisions on pensions have redoubled the need for advice. The most glaring example is the recent announcement by pensions minister John Denham on the Department […]

DBS spins a compelling story with AssureWeb

In the last two weeks, I have looked at ways in which the communications revolution will change for ever the way in which we will deal with clients. First, I examined why it is essential for any business, big or small, to have an online communications strategy. Then I considered how some product providers are […]

Yorkshire to offer loans by phone

Yorkshire Building Society is set to enter the flexible mortgage market and sell products direct over the phone later this year. It is spending £19m to upgrade computer systems, allowing the society to offer more complex products such as flexible mortgages. Flexible mortgages allow borrowers to take repayment holidays and make overpayments. They have become […]


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