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GE LIfe – Phased Drawdown Plan

Income drawdown plan

Minimum investment:
Lump sum £150,000

Investment choice:
Choice of 41 unit-linked funds from GE Life and external managers, discretionary pension portfolio via Cazenove, Morgan Stanley Quilter, Rathbones and Tilney, simplified Sipp and Sipp options

Allocation rate:

Unit linked funds &#45annual 0.36%-1.65% depending on fund, discretionary pension portfolio &#45 unit-linked charges apply plus self-invested option annual 1.2%-1.4% depending on fund manager and fund size, additional charges for investments above £500,000, simplified Sipp option &#45 unit-linked charges apply plus annual £100, additional 0.2% a year if investment in self-invested element is less than £100,00, Sipp option &#45 unit-linked charges apply, initial £290, annual £490, discounts available depending on fund size

Initial up to 6%, fund-based renewal up to 1% a year, Sipp and discretionary pension portfolio subject to negotiation

Tel: 0800 1691111


Out of context

•”I feel like I am walking into the lion&#39s den wearing a meat suit.” – Portfolio Insurance Consultancy principal Brian Lentz before an appointment with the FSA. •”The point of D-Day was nobody was meant to know about it because it was meant to be a surprise. With A-Day, everyone should know about it but […]

Insight Investment – Insightt Foundation Property Trust

Type: Closed-ended fund Aim: Income and growth by investing in UK commercial property Minimum investment: Lump sum £2,000 Investment split: 37% retail, 33% industrial, 30% offices Isa link: Yes Pep transfers: Yes Place of registration: Guernsey Charges: Initial up to 2.5%, annual up to 1.3% Commission: Initial up to 3% Tel: 0845 850 6050

B&B to shed 600 jobs

Bradford & Bingley announced today in its pre close briefing that it has already shed 150 employees from its core of 3,950, and expects to remove a further 450 by the end of 2005. B&B says its core lending business has continued the strong performance of 2003, revealing its non-core businesses are expected to be […]

CII launches 21st century young insurance professional of the year award

The CII launches the Sheikh Abdullah Foundation for 21st century young insurance professional of the year award. The award, sponsored by the Sheikh Abdullah Foundation will be offering the £3,000 award to the winner at the UK Insurance & Financial Services conference on October 1. Entrants to the award must be 30 years old or […]


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