View more on these topics

Friends widens fund range for personal policy

Friends Provident has finalised the details of its forthcoming personal pension launch which will be positioned alongside its revamped stakeholder offering.

Both the personal pension and stakeholder versions offer a flexible charging structure enabling advisers to take either fees or commission to a level agreed with the client. Both pensions pay up to 10 per cent of Lautro rates as initial-only commission regular premium business and up to 4 per cent on transfers.Up to 10 per cent of Lautro rates is available on an initial and 0.1 per cent fund-based commission basis, dropping to 3 per cent for transfers.

Fund-based commission pays up to 0.3 per cent a year on regular and single premiums and 0.4 per cent for transfers. The extra 0.5 per cent annual charge allowed on stakeholder contracts from April mean this can be taken as extra commission for the first 10 years on both contracts.

The main difference between the two pension contracts is the wider fund choice available on the personal pension, which is branded the personal range. The personal pension is stakeholder-compliant if in-house F&C-managed funds are selected. The broader external range encompasses more than 50 funds from 17 managers, including names such as Artemis, Fidelity and New StarAnnual charges are reduced by between 0.1 per cent and 0.25 per cent for pension pots starting from 20,000.

Head of pension marketing Jeremy Ward says: “We have introduced online new business submission, valuations and switching, which helps with our costs and the service proposition. The charging structure is transparent and flexible and we believe this range will meet the needs of the vast majority of IFAs and their clients.”


Halifax General Insurance launches online sales solution

Halifax General Insurance is introducing a new online sales solution for mortgage intermediaries.The new technology allows intermediaries to sell Halifax buildings, contents and mortgage repayments insurance online.The products can be sold alongside Halifax, Bank of Scotland and The Mortgage Business mortgages as well as together with any other lender’s mortgage.The new platform has been piloted […]

Learning tower of Pisa

Prudential has developed the concept of the pension Isa – which draws on extensive research into financial decision-making – as an idea to encourage the savings habit among middle earners. Here, UK director of pensions development John Glendinning describes how it works.

Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 


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 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