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Employers aware of stakeholder, says L&G

Legal & General says nearly three quarters of employers with between 5 and 50 staff are aware of stakeholder and almost half of these respondents are willing to contribute to a plan.

Those firms which responded to the survey, were weighted to represent 1,576,924 small businesses in the UK and L&G says 74 per of smaller employers know about stakeholder.

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T&C toolkit to aid IFAs

The Financial Services National Training Organisation will be offering a training and competence toolkit to IFAs from next month. The kit is a joint Government and employer initiative developed by financial services trade bodies Aifa, Autif, the Chartered Insurance Institute, the Institute of Financial Planning, the Institute for Fiscal Studies, the LIA, Limra, Sofa, the […]

Endowment payout that really paid off

I was shocked to receive a client&#39s maturity advice for his low-cost endowment policy. The target maturity amount is £7,250. How dare the providers pay out only £33,126.70, leaving him a miserable profit of £25,876.70 tax-free. Why, his return is less than fivetimes what he needed torepay the mortgage. I suppose this is offset slightly […]

Winterthur drawdown site aimed at advisers

Winterthur Life is looking to increase the number of IFAs advising on income drawdown with a new online service called Simply Drawdown. The service is looking to increase the efficiency of IFAs already active in this market and offer a range of support services aimed at encouraging more independent advisers to advise on drawdown. The […]

Nationwide snubs multi-ties to stick with its own plans

Nationwide chief executive Brian Davis says the building society will never go multi-tied and sell other company&#39s pro-ducts through its branch network because there is no need to do so. In a clear snub to rival providers, Davis says that as Nationwide&#39s products are “trusted and up to standard”, there is no point having multi-ties […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]

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