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Enhanced terms to entice stakeholder business

Hargreaves Lansdown has put together a stakeholder plan from Clerical Medical with enhanced terms, exploiting a price war among stakeholder providers.

It says major stakeholder providers are currently offering very good deals to entice business. It has now been able to negotiate an exclusive deal on Clerical&#39s Futureproof plan to pass on the benefits of this price war to clients.

The plan includes an enhancement of up to 3 per cent on the customer&#39s premium and is free of charge until June 2002. Charges are deducted through the year but are then rebated in June 2002 in the form of extra units.

It also offers access to a range of 20 investment funds instead of the seven usually available. The offer is designed to coincide with the abolition of the carry-forward rule which will cease on January 31, 2002.

Hargreaves Lansdown personal pensions manager Alex Davies says: “We have always considered Clerical to be one of the UK&#39s best pension investment teams. This, coupled with Clerical Medical&#39s financial strength, and the fact this is probably the first pension of its kind to offer an enhanced allocation rate, has made it an excellent choice for individuals wishing to make use of the huge opportunities provided by stakeholder.”

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