View more on these topics

Firms offer charity stakeholder plan

A stakeholder-friendly pension scheme designed for the not-for-profit

sector is being offered by KBL Investment Funds, Liberty Pensions and B&S

Financial Management.

The Equilo scheme will be administered by Liberty. Fund management will be

carried out by KBL and the scheme will be sold through B&S Financial

Management, a fee-based IFA which has nationwide offices.

Liberty says the scheme has been designed with the charity and housing

association sectors in mind and may be sold through other fee-charging


Maximum annual charge is 1 per cent. Minimum contribution is £20 a month.

Equilo offers active management of clients&#39 funds and aims to be

completely flexible and transparent.

Employers looking to be exempt from stakeholder by offering a compliant

group personal pension with a minimum 3 per cent employer contribution and

no exit penalties can take this option through the scheme if they prefer.

Head of sales and marketing Robert Noach says: “We could consider allowing

other IFAs to offer Equilo if the demand was there. We are hoping to offer

a partnership which will deliver good value and tailored solutions to the

not-for-profit sector.”


Independent View

A national newspaper claimed recently that Friends Provident is likely touse its proposed flotation to raise about £1bn to help fund itsparticipation in the fiercely competitive stakeholder pension market.This should, quite rightly, strike fear into the hearts of some of thesmaller product providers which intend to be players in the pension marketin 2001 and beyond. […]

Financial watchdog wants to oversee mortgages

The Financial Ombudsman wants mortgage advice to come under itsjurisdiction if it can find the resources.Head of communications for the ombudsman David Cresswell admits he wouldlike to see both mortgage and general insurance brokers invited to join thescheme on a voluntary basis.The move has been welcomed by the industry which believes it could helpfill the […]

FSA must take a slice of the PI

Want to lose your audience entirely? On the basis of seven monthstravelling around the country talking to IFAs on a weekly or twice-weeklybasis, I can reveal that there is one issue which gets the eyelids droopinginstantly.Just utter the magic word Serps and they&#39ve nodded off. Couple ofsentences later and I&#39ve joined them. You&#39ll remember the […]

Widows, CGU, Clerical win Misys panel places

Super-network Misys has drawn up a list for its stakeholder panel withlife offices Scottish Widows, CGU and Clerical Medical winning the muchsought after places.The panel will initially run with three members but two to five otherplaces are believed to be up for grabs in the near future.Life offices which are said to be vying for […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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 thought leadership.

    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