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Equitable transfers annuity business

Equitable Life has completed the transfer of the bulk of its non-profit pension annuity business, comprising around 130,000 policies worth £4.61bn, to Canada Life. This is the biggest transfer of a non-profit annuity portfolio in the UK.


Invesco takes 15 per cent stake in A J Bell

Invesco Perpetual has taken a 15 per cent stake in A J Bell and Midas Capital Partners has increased its stake to 15 per cent in a deal that makes founder Andy Bell £9m.The move sees the two investment firms invest £14m by way of a purchase of existing shares.Bell has reduced his stake in […]

Opt-out question

In 1988, I gave myself the advice to opt out of Serps and used an NPI personal pension to do this. I am now 61 and have decided to make use of the fund available which is just short of £40,000. Under current legislation, I can get get a quarter of this, very nearly £10,000 […]

Put value before cost

What an interesting if confusing piece was Antony Williams’ My Beautiful Wrap column of February 8. He says his “very wealthy clients” would not pay the initial charge to Transact. Presumably, on their paths to becoming very wealthy, they will have invested money in some kind of financial instruments. One can only assume that Mr […]

Of slender means

Auto-enrolment poses significant risks to some workers.


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