View more on these topics

Eagle Star cuts annual bonuses

Eagle Star is scrapping the reversionary bonuses on its conventional with-profits pension policies this year, Zurich has announced.
But the company will pay a reversionary bonuses of 0.25 per cent for conventional with-profits life policies. Eagle Star&#39s new annual bonus rate for its series 5 unitised with-profits fund is 1 per cent for life policies and 2 per cent for pension policies while the company&#39s other policies vary between 0 per cent and 4 per cent.
All life policies and some pension policies maturing this year will receive a terminal bonus.
Zurich&#39s distribution communications director Tony Solomon says: “Over the last year we have invested a higher proportion of the with-profits fund into fixed interest securities. This will make sure we are able to pay the benefits, including bonuses, that we have already guaranteed.”


SAGA – Rab Hedged Investment Fund

Type: Oeic Aim: Growth by investing in Europe excluding the UK Minimum investment: Lump sum £5,000 Investment split: 100% in Europe excluding the UK Place of registration: Dublin Charges: Class A shares &#45 annual 1.5%, performance fee 20%, Class B shares annual 1%, performance fee 15% Commission: None Tel: 0800 559 3199

Action group wants Equitable funding

Equitable Life policyholders are launching their own campaign to pursue the Government for compensation and are collecting signatures for a special resolution forcing Equitable to back the move. The Equitable Members&#39 Action Group plans to collect over 1,000 signatures from qualified voting members for the special resolution that would see the society back Emag with […]

Advisers back shift to culture of advice first, commission second

IFAs say they support the Treasury select committee&#39s criticism of the current remuneration structure in the long-term savings industry and agree that a cultural shift towards advice first and commission second is needed. John Scott & Partners investment manager Patrick Connolly says he believes any advice that can be biased by commission is detrimental to […]

&#39Interference is causing complexity&#39

The Government should not get involved in product design beyond a simple Isa-style investment product and a pension product based on the US 401(k) structure, says Investment Management Association chief executive Richard Saunders. He told delegates at the Cityforum conference last week that Government intervention in product design and elaborate tax structures are creating complexity […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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