View more on these topics

Equitable announces MVA up to 10 per cent

Equitable Life has upped its market value adjuster to 10 per cent from 7.5 per cent, following the market turmoil after the barrage of terrorist attacks on the US.

The 10 per cent exit penalty will apply to all non-contractual terminations of policies with immediate effect until further notice.

Chief executive Charles Thomson says: “World stock markets are unstable as a result of this week&#39s tragedies. The UK stock market has fallen significantly since the financial adjustment was set at 7.5 per cent in July.”

Recommended

A CONSUMER&#39S VIEW

As the problems of guaranteed annuities mount, the disaster threatens to demolish the Government&#39s entire strategy on pensions and long-term savings. Royal & Sun Alliance is the latest life company to admit that its guaranteed annuity liabilities are threatening to make the company insolvent. If another life company effectively goes to the wall, what will […]

IFAs slam fund managers for suspending trading in wake of New York explosions

Fund managers are being slammed for their decision to suspend trading in response to the market uncertainty cr eated by yesterday&#39s terrorist attacks on the New York financial district.IFAs are accusing fund managers of degrading the value of unit trusts as compared with direct equity investments as scores of fund managers suspend trading. Fund managers […]

SG Life & Pensions – SG Life International Portfolio Bond

Tuesday, 11 September 2001.Type: Traditional offshore bond.Aim: Growth by investing in unit trusts, oeics, managed bond funds,investment trusts and cash through a discretionary fundmanager.Minimum investment: £250,000.Place of registration: Guernsey.Investment split: Choice of unit trusts, oeics, managed bond fundsinvestment trusts and cash.Isa link: No.Charges: Initial up to 0.5 per cent a quarter for three years, annual […]

PIA suspends IFA Complete Financial Services

The PIA has suspended the investment business of IFA Complete Financial Services of Hillside, Bishops Walk, Shirley Hills, Croydon because it has failed to comply with an award made against it by the Ombudsman. The award was made in August 2001, and the firm is contesting the decision made by the Ombudsman and has therefore […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com