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GE Life enhanced annuities rise 1 per cent

GE Life has increased its enhanced aunnuity rates by 1 per cent across the board.

The firm says that according to ABI-sponsored Watson Wyatt research, 40 per cent of annuitants would benefit from buying an enhanced contract but only 5 per cent of invididuals take up their open market option.

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Adviser numbers leap at pi

National IFA group pi financial has seen the number of advisers in its regional collective increase from 18 to just less than 100 in 18 months, now servicing 14,000 clients. Formed out of pi financial dixon sutcliffe, the firm says its localised structure has created its success. pi financial chief executive Tim Sutcliffe says: In […]

‘Beware trap of higher tax-free cash’

Tax-free cash lump sums should not be the automatic choice of workers in final-salary schemes, says Standard Life’s John Lawson. Scheme members risk slashing their pension income because commutation rates, which determine how much cash they get for each pound of pension given up, have not moved to reflect falling annuity rates. The problem is […]

Property fund aims at IHT planning

Strutt & Parker Real Estate Financial Services has set up a property development fund which is eligible for IHT business property relief. It has a minimum investment of 250,000 and is not subject to IHT upon the death of the investor. It aims to deliver returns of between 10 and 15 per cent a year.

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