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Equitable initial pension charges cut by 0.5%

Equitable Life has slashed initial charges by up to 0.5 per cent on its group personal pensions, group money-purchase schemes and top-up plans. The move follows a cut in Equitable&#39s expense ratio for 1997. It means that GPP charges start at 3 per cent on annual contributions up to £50,000. AVC charges start at 2 per cent for annual contributions up to £150,000.

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Regions in bid to stop Portfolio

The IFA Association&#39s London and Southern region committees are seeking to stall IFA Portfolio&#39s pseudo network Anglo Caledonian. The regional committees say members have not been given sufficient information to make a proper judgement about the network&#39s formation and want members to vote no at Portfolio&#39s AGM on Friday. The committees are also proposing two […]

Ohra raises PMI rates by up to 10%

Private medical insurer Ohra UK is increasing PMI premiums by between 9 per cent and 10 per cent from January 1. Ohra is offering a free 24-hour claims helpline and 24-hour medical advice service.

Rush of registrations in bid to beat PIA deadline

The PIA expects most member firms to beat the March 27 deadline for submitting individual registration forms. Latest figures show that some 30,000 forms have been returned out of an expected 87,000. About 4,000 forms are being returned a day. The PIA has warned that any firm which misses the deadline will face a £250 […]

Inter-Alliance issue brings in £3m

Ambitious new IFA Inter-Alliance has raised more than £3m prior to seeking a listing on the Alternative Investment Market. The issue is well in excess of its minimum target of £2.2m and includes support from institutions, private investors, directors and staff. The company has 11 offices and 80 registered individuals.

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

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