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L&G and IFA team up to offer pre-stakeholder to charity workers

Legal & General and IFA&#39s Kingsworld Walder have teamed up to launch an affinity based pre-stakeholder scheme aimed at charity workers.

The Voluntary Sector Stakeholder is guaranteed to meet the final Government requirements for stakeholder pensions when it is launched in 2001.

The scheme will be officially launched on October 19 at a special conference for workers in the voluntary sector. Among the charitable organisations attending the launch will be Barnardos and the National Blind Children&#39s Society.

L&G pensions development director Tony Filbin says: &#34We are delighted to have been chosen by Kingsworld Walder to run the VSS.

&#34We have worked in partnership with them for many years on pension arrangements for charities and we believe the VSS provides the charity and voluntary sector with a winning combination of flexible independent advice and flexible, value for money product.&#34


Serps deferral could cost £5bn over 10 years

The Government is to put back plans to cut Serps entitlement for widows for at least five years and at a cost of £1bn according to the Financial Times.The reports says ministers will delay implementation of the plan which was due to come in effect next April. It would have halved the Serps pension paid […]

NatWest chief exec ousted

NatWest Bank chief executive Derek Wanless has been ousted from his post as part of a shake up in response to Bank of Scotland hostile £21bn takeover bid according to the BBCHe will be succeeded temporarily by the groups chairman David Rowland with Ron Sandler brought in a chief operating officer and director.Sandler has previously […]

Colonial and Century 21 UK to team up

Colonial and estate agency network Century 21 UK have teamed up to launch a financial services franchise alliance.Century 21 Financial Services aims to provide its customers with a one stop shop for mortgages and financial planning.There are currently 30 Century 21 UK franchises in the South of England while there are plans to increase these […]

Government to extend catmarks to mortgages

The Government will extend its controversial catmarking scheme to embrace mortgages this week.The Treasury is rushing to publish a consultation paper before its mortgage seminar bringing together lenders, consumer groups and the FSA on Monday.The paper is expected to be less prescriptive than catmarked Isas or stakeholder pensions but will be a voluntary scheme which […]


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