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Hermes plans stakeholder launch

Fund management group Hermes which manages the British Telecom and Post Office pension funds is planning to launch into the stakeholder pension market through life assurance groups and trade unions.

Hermes to offer the pension in conjunction with Liberty International, the financial services and property company.

It will specialise in managing index-tracking funds to keep within the Government- imposed 1 per cent cap on charges.

The fund is unlikely to target individuals but it is possible that BT and the Post Office, whose pension funds are also managed by Hermes, may offer their own stakeholder pensions.


US company to enter UK investment trusts market

Amerindo Investment Advisors Inc has announced plans to launch an investment trust in the UK.The fund will be the fund manager&#39s first presence in this country and will hit the market by March 15 at the latest.A minimum investment of £1,000 will be required to buy into the trust which will be available to both […]

Halifax launches new mortgage range

Halifax is launching a range of fixed rate and discounted mortgages with no arrangement fees aimed at first-time buyers and remortgage customers.The range offers a two year discount of 2.05 per cent, giving a rate of 5.69 per cent on loans up to 75 per cent loan to value. A loan up to 97 per […]

Axa Sun Life bonus figures down

AXA Sun Life has issued its profits-related bonus figures for 2000 showing a reduction from 1999.The low-cost homebuyers plan and the investment bonds qualify for a 5.5 per cent bonus, and personal pensions get 6.25 per cent, down from 6.25 per cent and 7 per cent respectively.The rates apply to policies investing in the AXA […]

FSA issues stock tips warning

The FSA has issued a warning to investors about the sources of thousand of stock tips that appear daily on internet bulletin boards.The regulator has been quick to emphasise that the majority of such tips are likely to be genuine in nature.But it has published an alert on its consumer website pages pointing out that […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]


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