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Lastminute.com goes into stakeholder

Lastminute.com is to sell stakeholder pension schemes online, in a deal with internet IFA stakeholderpensions.com.

The move, which will allow employers to designate a scheme for their employees online in minutes, is hoping to capitalise on a rush for schemes as October&#39s deadline looms.

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Profits down at Rathbone Brothers

Discretionary investment management and private client services group Rathbone Brothers saw its pre-tax profits fall 21 per cent to £11.2m in the six months to June 2001, from £14.2m for the same period last year.But the group saw funds under management increase by 20 per cent to £6bn from £5bn a year ago.Rathbone Brothers chairman […]

F&C modifies with-profits concept

Foreign & Colonial is introducing a new breed of with-profits fund promising no cross-subsidy and a clear and transparent charging structure. The F&C with-prospects fund, which is set for launch next month subject to FSA approval, will be contained within an Oeic structure and will invest 60 per cent in global equities and 40 per […]

SG Life & Pensions kicks off with bond

SG Life & Pensions, the new retail brand of Societe Generale, has started life by bringing in the SG Life international bond.The bond is a single-premium traditional offshore bond that has been underwritten by SG Life (Guernsey). It is aimed at the high-net-worth investor with at least £50,000 to invest and who is looking for […]

FSCS rules finalised

The final rules for the Financial Services Compensation Scheme due to come into effect on December 1, 2001 have been finalised. The new single scheme will replace the eight existing schemes including the Investors Compensation Scheme. IFAs will have their own category, which will not include the cost of redress for the pensions review. Anytime […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]

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