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FSA and Equitable to face Treasury Committee

The FSA and Equitable Life are to be questioned by the Treasury Committee about their role in the events that led to the mutual closing its doors to new business last year.

The committee, chaired by Labour MP Giles Radice, is to look into the regulatory environment and management of risk in the life assurance sector following the Equitable affair.

The FSA and Equitable go before the committee on February 15.


Scottish Widows – Stakeholder Pension Plan

Friday, 9th February 2001.Type: Individual stakeholder pension.Minimum premium: Monthly £20.Minimum-maximum ages: 18-75.Fund links: Consensus, all share tracker, fixed interest tracker, mixed, safety plus, European, UK equity, fixed interest, property, North American, Japanese, environmental, global equity, cash, Newton balanced managed, Merrill Lynch balanced managed, Schroders balanced managed.Charges: Annual 0.64-1 per cent.Allocation rates: 100 per cent.Minimum term: […]

Perk &#39n&#39 mix

The Manx Insurance Association announced recently that a record £12bn is now under administration with Isle of Man-based life companies. Given that the offshore life industry only really began to take off in the late 1980s and early 1990s, amassing such large funds is no mean feat. It reinforces the fact that, every year, thousands […]

Investor confidence at a low ebb

Investor confidence fell in January after a lacklustre performance by the UK stockmarket, according to the Chase Fleming Asset Management monthly confidence index. Chase Fleming conducts a monthly survey among a random sample of 500 investors to find out if they believe the stockmarket will be higher in six months&#39 time, stay at the same […]

Credit Suisse Asset Management – Trans-Adventure Isa

Friday, 9th February 2001.Type: Oeic maxi Isa.Aim: Growth by investing in global post venture capital fund and transatlantic fund.Minimum investment: Lump sum £3,000.Maximum investment: £7,000.Catmarked: No.Investment choice: Global post venture capital fund 50 per cent, transatlantic fund 50 per cent.Charges: Initial 5.25 per cent, annual 1.5 per cent.Commission: Initial 3 per cent, renewal 0.5 per […]


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