View more on these topics

DBS teaming up with Scottish Mutual for nursery stakeholder

DBS is teaming up with Scottish Mutual to offer a &#34stakeholder friendly&#34 group personal pension scheme for nursery staff.

DBS, which boasts 1,800 member firms and 2,750 RIs, believes the nursery sector, which has average earnings in the range of £8,000 to £15,000 a year and a predominantly female workforce, is an ideal market for stakeholder pensions.

The scheme comes as Legal & General launches an affinity based stakeholder in association with IFA Kingsworld Walder. The Voluntary Sector Stakeholder has been designed for charities and other voluntary sector employers.

It follows Legal & General&#39s launch of an affinity scheme for hairdressers earlier this year.

The DBS scheme, arranged by London-based network member Nightingale Associates, was launched by Margaret Hodge, minister for employment and equal opportunities, in the House of Commons.

The flexible group scheme allows members to stop and start payments without restrictions or penalty, has a 101 per cent allocation and a 5 per cent bid offer spread.

Hodge says: &#34We are trying to build the status of this profession and make people in it aware of the need to make provision for their future.&#34


FSA issues warning to IFAs

The FSA is warning IFAs they face having their disciplinary records highlighted in a consumer register of authorised firms.The move comes as part of a get tough regime on rules of entry, which aims to increase consumer confidence that the industry is being properly policed.The regulator has issued consultation paper outlining the next stage of […]

Japan the place to be according to L&G

Legal & General is urging IFAs to recommend Japanese investments for longer term capital growth.L&G believes the apathy which affected the Japanese stockmarket for most of the decade is now over and it is now showing signs of recovery.The life office says the government and the banks are finally facing up to Japan&#39s economic problems […]

New banking watchdog chief warns of punitive fines

Banks and building societies could face fines punitive fines and naming and shaming under proposals from the new head of the banking industry watchdog.Banking Code Standards Board chief executive Seymour Fortescue says he will look at adding to the penalties available. Currently the board has no power to fine member firms.Implementation of such rule changes […]

Bill Haynes

Perhaps appropriate for someone whose early ambition was to beJacques Cousteau, Britannic&#39s marketing chief found himself in deep waterin his first job but now it&#39s all going swimminglyBYLN: Tracey BolesTEXT: For someone who fluf fed his first sales job, Britannic Assurance salesand marketing director Bill Haynes has come a long way.His first potential client did […]


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