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Equitable Life launches pre-stakeholder plan

Equitable Life has launched its stakeholder-style pension which will include full financial advice.

The Equitable 2000 personal pension plan offers a management charge of 0.9 per cent a year, just below stakeholder&#39s one per cent margin.

The product will also feature no minimum contribution, no initial charge, penalty free exit and no penalties for stopping and starting contributions.

Equitable Life managing director Alan Nash says: “We believe the product is unmatched in today&#39s market, providing a combination of stakeholder-compliant charges with a full range of services.”


FSA to chase mis-sold FSAVCs

The Financial Services Authority is to begin a review of “mis-sold” FSAVCs in a move expected to cost the industry between £95m and £200m.The regulator estimates the review only applies to around four and eight per cent of the million FSAVCs sold in the UK in cases where investors were eligible to join an employer&#39s […]

Direct Line offers life assurance on-line

Direct insurance operation Direct Line is launching a standalone life assurance policy on its website.It claims term assurance and mortgage life cover policies should be available in five to ten minutes under the new venture which was launched last week. Customers are covered as soon as the credit card details are accepted.The venture is part […]

Pioneer has sight set on a top spot

The Pioneer Friendly Society says it plans to become a top ten income protection insurance provider and has announced a 21 per cent increase in new business for 1999.New premiums rose to £4.35m in 1999 from £3.3m in 1998.The Wiltshire-based IFA-only office is kicking of its grand plan with a new product and website to […]

IF plans IFA marketing push

Halifax&#39s telephone and internet bank Intelligent Finance is starting a £30m marketing campaign targeting intermediaries.The new venture was launched last week and aims to use a number of customer communication channels including IFAs and web-enabled mobile phones to give customers access to personal banking services and mortgages.Intelligent Finance or “IF” says it needs to start […]


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