View more on these topics

Financial Options pushing for a 1.5 per cent annual charge on Stakeholder

Financial Options Group is pushing for the proposed annual charge on Stakeholder pensions to be increased to 1.5 per cent from the present 1 per cent to allow for advice.


In its response to the Department of Social Security&#39s Stakeholder Pension paper &#39Minimum standards – The Government&#39s Proposals Consultation Brief No.1.&#34 the network argues the annual charge needs to be revised.


Financial Options says: &#34To ensure the consumer benefits from a quality product, with excellent investment return prospects, together with appropriate advice we believe the annual charge must be set no lower than 1.5 per cent per annum.&#34

Recommended

CGU Insurance backing UK Athletics

CGU Insurance has announced a sponsorship deal to back British athletics to the tune of £10m over the next four years.The deal will see CGU become the main sponsor for all major indoor and outdoor meetings in the UK, starting with the CGU Gateshead Classic on June 27 and continuing with the CGU British Grand […]

Yorkshire Building Society cuts mortgage and investment rates

Yorkshire Building Society has announced it is cutting mortgage and investment rates from June 27.The desicion follows the recent 0.25 per cent base rate cut by the Bank of England.The society&#39s mortgage base rate is cut by 0.25 per cent to 6.35 per cent from 6.6 per cent.The average reduction on its investments is 0.35 […]

Standard Life launches fixed rate bond

Standard Life Bank has launched a three-year, fixed-rate bond which guarantees a 5.75 per cent payout.The bond, which is launched on July 5, has a minimum opening balance of £1,000 and a maximum of £1m.Customers will be able to open the bond over the telephone, but the bank expects the majority of its business to […]

Investec Bank launches cash Isa

Investec Bank (UK) has launched two cash Isa accounts which pay IFAs 0.5 per cent commission.The Premier Tessa-Isa is available for investors transferring the balances of their matured Tessa&#39s, while the Premier Cash-Isa is for new savers.Both Isas pay a current variable rate of 6 per cent. Interest can be paid either on a monthly […]

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